Higher Elevations

Higher Elevations 2019

Good for Students. Good for Jobs. Good for the Community.

 

ENMU-Ruidoso’s Advisory Board, with the recommendation and endorsement of its Citizens Advisory Committee, has called for a $3 million bond referendum on Tuesday, November 5, 2019.

Here is a list of the most frequently asked questions about the bond referendum.

 

Q: What is the college wanting to accomplish?

A: ENMU-Ruidoso is seeking $3 million in general obligation bonds to renovate its current facility at 709 Mechem Dr. The renovation will reconfigure offices and classrooms, expanding available space for new workforce degree and certificate programs. These workforce programs are needed in order to prepare workers for existing jobs in key industries, and jobs in industries such as Winemaking, Brewing and Distillation which are growing in the region.

The renovation will also allow expansion of the New Mexico Workforce Connections Center to help residents train and find jobs within the community.

 

Q: Why is the college pursuing a bond referendum now?

A: The answer is two-fold:

  1. Because the economy is strong and the region is growing. Businesses are asking the college to offer workforce programs to prepare current workers for business needs. Training for current employment is needed now.
  2. Because the state and national economy is currently strong and interest rates are low. With the population of Ruidoso and Ruidoso Downs growing, tax rates are also low. Financially, there is no better time to request support from local residents than now.

 

Q: Is a general obligation bond the only way to fund this project?

A: Other than generous gifts from individuals or corporations, a general obligation bond is the only option open to a publicly supported state community college.

This is the first GO bond the college has ever requested. Previous renovations have been funded through funds provided from local taxes and the New Mexico Legislature. However, in 2018, the New Mexico higher education capital outlay committee advised ENMU-Ruidoso to seek future funding from local voters before requesting more state funds to support facility needs.

General Obligation bonds, authorized by citizens through a referendum, spread repayment over an extended period of time so debt is shared by residents and businesses within the taxing district in a fair and equitable manner.

 

Q: What is the tax implication of this bond?

A: Bonds would only be sold as needed. The maximum tax impact for the owner of a $100,000 home would be $3.50 per month or $41.67 annually.

 

Q: How will the community and taxpayers benefit from this bond?

A:  There are many benefits from supporting the college’s proposal to renovate facilities for added workforce programs:

  • The renovation would expand on ENMU-Ruidoso’s unique partnership with the New Mexico Workforce Connections Center, providing a “one-stop-shop” which integrates student  and employment services to help students and job seekers succeed.
  • The renovation would provide space for workforce readiness training for dual credit students.
  • Some classrooms would become seminar-style technology classrooms that allow local students to pursue advanced degrees at other universities without leaving the community.
  • Additional study areas would allow space for student interaction, studies and activities.

Among the long-term benefits:

  • Added jobs mean workers staying in the area to pay taxes, buy homes, raise families, and contribute to the quality of life in Ruidoso, Ruidoso Downs and Lincoln County.
  • Upgraded facilities would encourage local students to remain “home” to continue their education after high school.
  • ENMU-Ruidoso would become a “destination college” attractive to workers and students from outside the area who come to the campus for degree and certification classes, positively contributing to the local economy.
  • The college will be able to attract and train additional first responders, police, nurses and local trades workers, contributing to the economy and quality of life in the area.

 

Q: Who can vote in this election?

A:  The referendum will be decided by registered voters living within the Ruidoso Municipal School district which covers Ruidoso and Ruidoso Downs.

 

Q: When will the election be held?

A:  The college’s bond referendum will be part of the general election to be held on Tuesday, November 5, 2019.

 

Q: How may I help the college succeed with this bond referendum?

A:  First, be registered to vote—and vote—in the general election on Nov. 5. The last day to register to vote is Monday, October 7.

 

Q: Is a general obligation bond the only way to fund this project?

A:  Other than generous gifts from individuals or corporations, a general obligation bond is the only option open to a publicly supported state community college.

The State of New Mexico has outlined a legal process for public agencies, including public schools and colleges, to follow in order to obtain funds for capital spending projects. General obligation bonds, authorized by citizens through a referendum, spread repayment of public debt over an extended period of time so debt is shared by residents and businesses within the taxing district in a fair and equitable manner.

ENMU-Ruidoso has no debt and has never before sought a bond referendum. In 2018, the New Mexico higher education capital outlay committee advised the college to seek funds from local voters before requesting more state funds for growth.

 

May we present the Bond Proposal to your organization?

To help us inform local residents of the bond, its benefits and ramifications, please consider hosting ENMU-Ruidoso at your local club, church or civic organization. These forums are open to the public.

Schedule:

Ruidoso Chamber Event · Ruidoso Convention Center · Monday, Sept. 16 · 5-7 p.m.

ENMU-Ruidoso · Thursday, Sept. 19 · 6-7 p.m.

ENMU-Ruidoso · Tuesday, Oct. 22 · 5 p.m.

 

General Obligation Bond Question

(as will appear on the ballot)

“Shall the Branch Community College Board of the Eastern New Mexico University – Ruidoso Branch Community College District, County of Lincoln, State of New Mexico, be authorized to issue general obligation bonds of the District, in one series or more, in the aggregate principal amount not exceeding $3,000,000, for the purpose of erecting, furnishing, constructing, purchasing, remodeling and equipping building and utility facilities, exclusive of stadiums, making other real property improvements, purchasing grounds, purchasing and installing computer hardware and software or any combination of these purposes, said bonds to be payable from general (ad valorem) taxes of the District within the limits prescribed by law and to be issued and sold at such time or times upon such terms and conditions permitted by law as the Board may determine?”

Cuestión de Bonos de Obigación General

“¿Se autorizará la Junta de Branch Community College de la Eastern New Mexico University – Ruidoso Branch Community College District, Condado de Lincoln, Estado de Nuevo México, la a emitir bonos de de obligación general del dicho Distrito, en una serie o más, por la suma agregada de capital que no exceda los $3,000,000, con el fin de levantar, amueblar, construir, comprar, remodelar y equipar edificios e instalaciones de servicios públicos, exclusivo de estadios,  mejorar bienes inmuebles, comprar terrenos, comprar e instalar equipo y software de computadoras o cualquier combinación de estos propósitos, dichos bonos se pagarán de los impuestos generales (ad valorem) del Distrito dentro de los límites prescritos por la ley y se emitirán y venderán en tal fecha o en tales fechas y conforme a los términos y condiciones permitidos por la ley según lo que determine la Junta?”

 

Photos and charts:

Nexus Phase 2 floorplan