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Local ballot measures, New Mexico

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School bond and tax votes

See also: School bond and tax elections in New Mexico

The New Mexico Constitution guarantees a debt limit and how bonds are issued for school districts. In New Mexico, a public school district can only seek new bonding for the purpose of capital improvements. School districts are limited to seeking bonds limited to six percent of the district's total valuation of property. Also, the New Mexico Constitution guarantees a 20 mill limit on public school districts.