Should the state sell $10.4 billion in general obligation bonds to fund repair and upgrade of public schools, including kindergarten through grade 12, community colleges, and state universities?
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.
(Put on the ballot by the Legislature)
State costs of about $20.3 billion to pay off both the principal ($10.4 billioin) and interst ($9.9 billion) on the bonds. Payments of about $680 million per year.
- A YES vote on this measure means:
- The state could sell $10.4 billion in general obligation bonds
for education facilities ($7.3 billion for K+12 school
facilities and $3.1 billion for higher education facilities).
- A NO vote on this measure means:
- The state could not sell $10.4 billion in
general obligation bonds for these purposes.
- Summary of Arguments FOR Proposition 1D:
- Yes on 1D makes our school
buildings earthquake-safe
and reduces overcrowding
in classrooms for students.
It updates schools with new
technology, builds vocational
education facilities, and
funds our rapidly growing
community college system.
Rebuild California: YES on
1D--an investment in our
children is an investment
in California's future.
Full Text of Argument In Favor,
Rebuttal
- Summary of Arguments AGAINST Proposition 1D:
- We should make school
construction a top priority
for current spending.
We cannot afford
$10,416,000,000 in new debt,
which today's schoolchildren
will still be paying back
long after their own children
have graduated. Most
schools will receive nothing
from this bond. Fairness
requires local districts to
pay for local projects.
Full Text of Argument Against,
Rebuttal
- Contact FOR Proposition 1D:
- Lance Olson
Olson Hagel & Fishburn LLP
555 Capitol Mall #1425
Sacramento, CA 95814
(916) 442-2952
http://www.readforyourself.org
- Contact AGAINST Proposition 1D:
- Thomas N. Hudson, Executive Director
California Taxpayer Protection Committee
9971 Base Line Road
Elverta, CA 95626-9411
(916) 991-9300
info@protecttaxpayers.com
http://www.protecttaxpayers.com
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- Cal-Access
- how much money is being raised and spent on Prop 1D
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League of Women Voters of California Education Fund
Pass:
4,143,502 /
56.5% Yes votes ......
3,187,911 /
43.5% No votes