Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

New Mexico · November 3, 2026 general election · Statewide ballot measure

Bond Question 3: what your vote means

Higher education, special schools, and tribal schools bonds. On every New Mexico ballot. Official sources checked October 22, 2026.

Bond Question 3 · General obligation bond question

Higher education, special schools, and tribal schools bonds

Official ballot title (quoted exactly)

“The 2026 Capital Projects General Obligation Bond Act authorizes the issuance and sale of higher education, special schools and tribal schools capital improvement and acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed three hundred fifty-two million two hundred twenty five thousand three hundred seventy-nine dollars ($352,225,379) to make capital expenditures for certain higher education, special schools and tribal schools capital improvements and acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?”

Ballot question as printed in the 2026 General Election Voter Guide, New Mexico Secretary of State.

A YES vote means:

The state could borrow up to $352,225,379 through general obligation bonds for higher education, special schools, and tribal schools capital improvements, repaid by a statewide property tax.

A NO vote means:

The state would not be authorized to issue these bonds, and the higher education, special school, and tribal school capital projects listed for this question would not be funded through them.

What it would change

  • What it funds: higher education, special school, and tribal school capital projects listed in the 2026 Capital Projects General Obligation Bond Act.
  • Who pays: owners of taxable property statewide, through a property tax levy to repay the bonds.
  • Repayment: bonds are generally issued with maturities of up to eleven years.
  • Fiscal impact: Authorizes up to $352,225,379 in state general obligation bonds, repaid through a statewide property tax levy. According to the Department of Finance and Administration, the State Board of Finance will set the final tax rate and estimated annual cost to property owners after the election; the three 2026 bond questions total $393,131,780 including issuance costs.

Who supports it and who opposes it

These lists come from official campaign filings (registered committees) and public endorsements, each linked to its source. They are not complete, and SaveYourState does not endorse anyone listed.

Who supports it

Not yet compiled

Who opposes it

Not yet compiled

Official sources

SaveYourState is independent and nonpartisan, not a government site, and does not take positions on ballot measures. This explainer describes effects only, using the official ballot title, explanatory statement, full text, and fiscal impact statement. If anything here differs from those documents, the official documents control.