Authorizes $9 billion in general obligation bonds: $3 billion for new construction and $3 billion for modernization of K–12 public school facilities; $1 billion for charter schools and vocational education facilities; and $2 billion for California Community Colleges facilities. • Bars amendment to existing authority to levy developer fees to fund school facilities, until new construction bond proceeds are spent or December 31, 2020, whichever is earlier. • Bars amendment to existing State Allocation Board process for allocating school construction funding, as to these bonds. • Appropriates money from the General Fund to pay off bonds. State costs of about $17.6 billion to pay off both the principal ($9 billion) and interest ($8.6 billion) on the bonds. Payments of about $500 million per year for 35 years.
Popular Vote Results
Y: 5645322; A: 54; N: 4811839; B: 46
JUSTINE FISCHER, PresidentCalifornia State PTAKEN HEWITT, PresidentCalifornia Retired Teachers AssociationLARRY GALIZIO, Chief Executive OfficerCommunity College League of California
G. RICK MARSHALL, Chief Financial OfficerCalifornia Taxpayers Action NetworkWENDY M. LACK, DirectorCalifornia Taxpayers Action Network
Rebuttal Against Author
CHRIS UNGAR, PresidentCalifornia School Boards AssociationTERESA CASAZZA, PresidentCalifornia Taxpayers AssociationLARRY GALIZIO, Chief Executive OfficerCommunity College League of California
School Bonds. Funding for K–12 School and Community College Facilities. Initiative Statute. California Proposition 51 (2016).