Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Sebi proposes net settlement of funds for mutual fund cash market trades
    • Kotak Multi Asset Allocation Fund in Focus as Multi-Asset Strategies Gain Attention Amid Changing Markets
    • SEBI proposes net settlement of funds for mutual fund cash-market trades
    • Wall Street just poured nearly $900 million into Bitcoin and Ethereum ETFs
    • Why Zerodha Fund House is bullish on life cycle funds
    • Mutual fund expense ratio gaps: Which diversified and sectoral equity funds cost investors the most — and least?
    • SEBI proposes net settlement for mutual fund trades in cash market to ease liquidity strains
    • Bitcoin Spot ETFs See Huge Inflows as BlackRock Takes Lead
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Bond question two: Public Libraries
    Bonds

    Bond question two: Public Libraries

    October 21, 2024


    General Obligation bonds appear on New Mexico ballots every two years, according to the University of New Mexico, and there are no tax increases associated with them. GO bonds are public debts that are paid through statewide property taxes, according to Ballotpedia.

    The Public Libraries Bond Issue on the New Mexico ballot would issue $19 million in bonds to fund public libraries if it passes.

    Bond question two would provide respective departments $6 million for non-tribal public libraries, $1 million for tribal libraries, $6 million for academic libraries and $6 million for public school libraries, according to House Bill 308.

    Rep. Derrick Lente (D) sponsored the bill in the New Mexico House of Representatives.

    Libraries are essential to communities, Lente said. Not only are they a gathering place, he said, but they are also a means through which people can access Wi-Fi for school and business purposes.

    “They’re the hub for all of our communities. I mean, if you’re lucky enough to live close to a public library, you should feel very fortunate,” Lente said. “We want to expand that to make sure that everybody — no matter if you’re in rural New Mexico or in Downtown Albuquerque — should have access to a public library.”

    Mark Emmons, an associate dean at the University of New Mexico College of University Libraries & Learning Sciences, has been a librarian for over 30 years. He said he has seen firsthand the impact public library funding can have.

    “We could not fund all the collections that we fund without the general obligation fund,” Emmons said.

    The money is first used to cover access for all libraries in a given category, according to Emmons. Then, the money is portioned out based on the size of an institution, he said.

    UNM Libraries would spend its portion of the money on additional collections, making sure the University has “a collection that is robust enough for a research institution like ours,” Emmons said.

    Lente does not foresee any problems in passing the bond, he said.

    “I think at this point in time, people appreciate public libraries for what they are … especially when you’re going to pass a bond, it’s not going to raise your taxes,” Lente said. “It’s something that we will make sure we are funding appropriately through our own state coffers.”

    Enjoy what you’re reading?
    Get content from The Daily Lobo delivered to your inbox

    Subscribe

    Lente said he hopes that the bond will, first and foremost, support library access.

    The goal for the money is to ensure that “people have public libraries at their fingertips, or in some cases, their doorsteps,” he said.

    Addison Fulton is the culture editor for the Daily Lobo. She can be reached at culture@dailylobo.com or on X @dailylobo

    Elijah Ritch is a freelance reporter for the Daily Lobo. They can be reached at culture@dailylobo.com or on X @dailylobo





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    NTMA sells €1.25bn of bonds amid market turmoil – The Irish Times

    September 3, 2026

    BCP Premium Bonds £100k winner revealed for September 2026

    September 2, 2026

    UK 10-year borrowing costs hit fresh highs as bond market sell-off continues – business live | Business

    September 1, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    5 Best Schwab Money Market Funds | Investing

    July 8, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Sebi proposes net settlement of funds for mutual fund cash market trades

    September 4, 2026

    The Securities and Exchange Board of India (Sebi) on Thursday proposed allowing mutual fund schemes…

    Kotak Multi Asset Allocation Fund in Focus as Multi-Asset Strategies Gain Attention Amid Changing Markets

    September 4, 2026

    SEBI proposes net settlement of funds for mutual fund cash-market trades

    September 4, 2026

    Wall Street just poured nearly $900 million into Bitcoin and Ethereum ETFs

    September 4, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    NFO ongoing: Balancing growth and stability with Bajaj Finserv Equity Savings Fund

    July 31, 2025

    Citywire Selector | Can BlackRock bring indexing and ETFs to private markets?

    July 12, 2024

    Pension funds must ’embrace’ private markets to fuel growth

    June 9, 2026
    Our Picks

    Sebi proposes net settlement of funds for mutual fund cash market trades

    September 4, 2026

    Kotak Multi Asset Allocation Fund in Focus as Multi-Asset Strategies Gain Attention Amid Changing Markets

    September 4, 2026

    SEBI proposes net settlement of funds for mutual fund cash-market trades

    September 4, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.