Photo The General Obligation Bond Referendum
Funding For Higher Education Facilities in the Commonwealth

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Election Update: The general obligation bond referendum was approved state-wide by 73 percent. More election results are available here.

Why is this vote important? Nearly 32,000 more students are expected to enter Virginia’s public colleges and universities over the next eight years. As enrollment pressures mount, facilities on the state’s campuses are in desperate need of expansion and renovation. This is crucial to citizens of Virginia for several reasons:

Education is opportunity.
This referendum is about expanding opportunity for the people of Virginia. Passage will expand Virginia's ability to help people learn new skills, so they can get good jobs. In a changing economy, education is the key that unlocks the doors of opportunity that lead to a better life. Education is key to personal advancement - and to Virginia's economic competitiveness.

This plan will grow the economy.
This bond package will generate more than $1.5 billion in economic activity by 2008, and it will create nearly 14,000 new jobs [Source: Center for Public Policy at Virginia Commonwealth University].


This plan will promote healthcare research.
Now, more than ever, excellence in education requires world-class facilities for teaching and conducting research. Almost one-third of the bond plan is for medical, science, engineering, and other types of research. Medical research is a crucial part of health care. Because of the medical research by doctors and scientists at our two teaching hospitals, we are on the verge of discovering cures for some types of cancer and new vaccines.

Ensuring a better quality of life for Virginia.
By providing funds for teaching facilities and research labs, Virginians will have access to well-trained health care professionals and new, cutting edge treatments - and this means better health care for all Virginians.

These plans are fiscally responsible. Passing this bond issue will NOT increase taxes, and it will NOT affect Virginia's coveted "Triple A" bond rating that we share with only eight other states. With interest rates so low, it makes sense to invest now [Note: Current interest rate on bonds is 5 percent].

Election Day is November 5, 2002.

Telling Our Story to the New State Administration: U.Va. ResearchNews (opens PDF file)
For more information on how you can help get out the vote, check out the Foundation 2002 web site.

E-mail comments to: Hilary Swinson
Last Modified: Wednesday, 06-Nov-2002 07:50:10 EST
2002 by the Rector and Visitors of the University of Virginia