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The Higher Education Bond: How Will Northern Virginia Benefit?
On election day, Nov. 5, Virginians have the opportunity to vote for a $900-million
general obligation bond to fund new buildings at colleges and universities throughout
the commonwealth.
Total Funding for Northern Virginia |
$115 million |
George Mason University
(For two classroom buildings, a research building, and four renovation projects) |
$80 million |
Northern Virginia Community College
(For a new classroom building and renovation projects at all campuses) |
$35 million |
Education Benefits
- Will create more educational opportunities for Virginia students, providing
space for the 32,000 additional college-bound students expected by 2008. Without
the bond, some Virginia students will be forced to go to school out of state - or
not go at all.
- Will reduce class size.
- Will provide world-class facilities to attract world-class faculty members.
Economic Benefits
- Will not increase taxes or jeopardize Virginia's AAA bond rating.
- Will train workforce for existing and new businesses.
- Will generate more research activity at George Mason.
- Will expand economic activity by $1.5 billion.
- Will create 14,000 new jobs.
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