California Reading and Literacy Improvement and Public Library Construction and Renovation Bond Act Of 2006. • This act provides for a bond issue in an amount not to exceed a total of six hundred million dollars ($600,000,000) to provide funds for the construction and renovation of public library facilities in order to expand access to reading and literacy programs in California's public education system and to expand access to public library services for all residents of California. • First priority given to eligible projects that were not funded under 2000 Library Bond Act. • State General Fund money appropriated to pay off bonds. Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: • State cost of about $1.2 billion over 30 years to pay off both the principal ($600 million) and interest ($570 million) costs of the bonds. Payments of about $40 million per year. • One-time local costs (statewide) of about $320 million to pay for a share of library facility projects. Potential additional local operating costs (statewide) of several millions of dollars annually.
Legislative Vote Results
Final Votes Cast by the Legislature on SB 1161 (Proposition 81) -- Senate: Ayes 28 Noes 9 -- Assembly: Ayes 57 Noes 15 --
Popular Vote Results
Bond Act Act
JACQUELINE JACOBBERGER, President, League of Women Voters of California; HENRY L. LACAYO, State President, Congress of California Seniors; MARY BERGAN, President, California Federation of Teachers
ASSEMBLYMAN RAY HAYNES, Member, California State Assembly; LEW UHLER, President, National Tax Limitation Committee; JON COUPAL, President, Howard Jarvis Taxpayers Association
Rebuttal Against Author
BILL HAUCK, President, California Business Roundtable; JONATHAN LIGHTMAN, Executive Director, Faculty Association of California Community Colleges; TED LEMPERT, President, Children Now
California Reading and Literacy Improvement and Public Library Construction and Renovation Bond Act of 2006. California Proposition 81 (2006).