New Mexico Authorizes Property Tax Levy for Bonds, Subject to Voter Approval, for Senior Centers

The New Mexico Governor signed a law that includes: 1) authorizing the issuance and sale of capital projects general obligation bonds to make capital expenditures for statewide senior centers, libraries and higher education; 2) providing for a property tax levy for payment of principal of, interest on and costs related to the bonds; and 3) requiring approval of the registered voters at the 2026 general election. The law took effect on March 10. [H.B. 248, enacted 03/10/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.