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Secretary of State No.



SCHOOL FACILITIES. BONDS. LOCAL MAJORITY VOTE. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Authorizes school, community college districts, and county education offices that evaluate safety, class size, information technology needs to issue bonds for construction, reconstruction, rehabilitation or replacement of school facilities if approved by majority of applicable district or county voters. Prohibits bond use for teacher, administrator salaries, other school operating expenses. Accountability requirements include annual performance, financial audits. Requires that facilities be available to public charter schools. Majority voter approval of bonds authorizes property taxes in excess of 1% of full cash value of assessed property to pay school bonds. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: The measure would result in the following major fiscal impacts: (1) Major annual savings in state debt service costs and annual increases of potentially a similar amount in local debt service costs for kindergarten through community college facilities. Additional costs to provide appropriate charter school facilities would vary by individual district. (2) Unknown annual state and local kindergarten through high school costs for renovation and construction of facilities for public charter schools.


Reed Hastings C/O Remcho, Johansen & Purcell Attn.: Joseph Remcho James C. Harrison, 220 Montgomery Street, Suite 800, San Francisco, Ca 94104 (415) 398-6230



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