Bond measures for college facilities approved by voters in a number of districts nationwide
- Voters approved bond referendums Tuesday in New Jersey that will grant $750 million in bonds for higher education facilities, with $300 million going to to public research universiites, $247.5 million to public four-year colleges, $150 million to community colleges and over $50 million to private colleges--with the exception of the state's wealthiest institution, Princeton University.
- A number of bond referendums were approved for community college districts in a handful of other states, including a $425 million bond program for Houston Community College and two measures passed in North Carolina--a $15 million bond for Alamance Community College and $200 million in bonds for Wake Technical Community College.
- Bond measures didn't do so well in Michigan, however, where $9.9 million for renovations to Jackson Community College failed to receive enough votes, marking the college's 15th straight loss in trying to get voter support for bonds in the last 48 years.
From the article:
Voters in New Jersey and a number of community college districts on Tuesday approved bond referendums that will provide millions of dollars for facilities on many campuses. The measure in New Jersey -- approved as the state is just beginning to recover from Hurricane Sandy -- will authorize $750 million in bonds for higher education facilities. The bonds will pay for $300 million in facilities at public research universities, $247.5 million in facilities at public four-year colleges, $150 million for community colleges, and more than $50 million for private colleges. ...
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