KINDERGARTEN-UNIVERSITY PUBLIC EDUCATION FACILITIES BOND ACT OF 2006. This ten billion four hundred sixteen million dollar ($10,416,000,000) bond issue will provide needed funding to relieve public school overcrowding and to repair older schools. It will improve earthquake safety and fund vocational educational facilities in public schools. Bond funds must be spent according to strict accountability measures. Funds will also be used to repair and upgrade existing public college and university buildings and to build new classrooms to accommodate the growing student enrollment in the California Community Colleges, the University of California, and the California State University. Appropriates money from the General Fund to pay off bonds. Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: State costs of about $20.3 billion to pay off both the principal ($10.4 billion) and interest ($9.9 billion) on the bonds. Payments of about $680 million per year.
Legislative Vote Results
FINAL VOTES CAST BY THE LEGISLATURE ON AB 127 (PROPOSITION 1D) -- Senate: Ayes 29 Noes 8 -- Assembly: Ayes 58 Noes 12 --
Popular Vote Results
Bond Act Act
BARBARA E. KERR, President, California Teachers Association; GEORGE T. CAPLAN, President, California Community College Board of Governors; PAMELA T. JOHNSON, Chair, Coalition for Adequate School Housing
WILLIAM SARACINO, Member, Editorial Board, California Political Review
Rebuttal Against Author
BRENDA DAVIS, President, California State PTA; LARRY McCARTHY, President, California Taxpayers' Association; WILLIAM HAUCK, President, California Business Roundtable
Kindergarten-University Public Education Facilities Bond Act of 2006. California Proposition 1d (2006).