Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know
    • New UPI MDR rules: Will mutual fund SIPs, FDs and stock investments cost more? – Money News
    • $1 Million in These 3 ETFs Pays More Than $100,000 a Year Without Touching Principal
    • 5 Monthly Dividend ETFs Paying 8 to 14 Percent for the Fourth Quarter of 2026
    • ULIP & Mutual Fund in 2026: Features, Lock-In and How These Plans Work
    • As Fed raises rates, income investors can buy these bonds for solid yields and a portfolio cushion
    • Bitcoin ETFs Could Triple Gold Counterparts As Asset Matures: Expert
    • Godrej Wealth plans to enter asset management business next year
    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

    As Fed raises rates, income investors can buy these bonds for solid yields and a portfolio cushion

    September 17, 2026

    The Bank of England is shaking up its bond sales – why does it matter? | Quantitative easing

    September 17, 2026

    Bank of England holds interest rates at 3.75% but warns war could force future rises | Interest rates

    September 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Quality of Hedge Funds’ Lifeblood — Data — Has Declined Because of AI

    September 17, 2026

    Innovator ETFs® Announces Liquidation of an Exchange-Traded Fund

    September 16, 2026

    New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know

    September 18, 2026

    The Bank of England is shaking up its bond sales – why does it matter? | Quantitative easing

    September 17, 2026
    Don't Miss
    Mutual Funds

    New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know

    September 18, 2026

    The CBDT has introduced new Statement of Financial Transactions (SFT) rules for demat and mutual…

    New UPI MDR rules: Will mutual fund SIPs, FDs and stock investments cost more? – Money News

    September 17, 2026

    $1 Million in These 3 ETFs Pays More Than $100,000 a Year Without Touching Principal

    September 17, 2026

    5 Monthly Dividend ETFs Paying 8 to 14 Percent for the Fourth Quarter of 2026

    September 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    These 2 Contrarian ETFs Are Buying What Wall Street Hates

    August 24, 2026

    Biden approves disaster declaration for Volusia, Flagler counties freeing up relief funds

    October 12, 2024

    Berrien County to receive funds for Modern Plastics demolition

    October 19, 2024
    Our Picks

    New SFT Rules for Demat and Mutual Fund Transactions: What Every Investor and Trader Should Know

    September 18, 2026

    New UPI MDR rules: Will mutual fund SIPs, FDs and stock investments cost more? – Money News

    September 17, 2026

    $1 Million in These 3 ETFs Pays More Than $100,000 a Year Without Touching Principal

    September 17, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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