BALLOT MEASURE SUMMARY
SUMMARY Put on the Ballot by the Legislature
| 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. 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.
WHAT YOUR VOTE MEANS
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.
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.
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.
FOR ADDITIONAL INFORMATION
Olson Hagel & Fishburn LLP
555 Capitol Mall #1425
Sacramento, CA 95814
Thomas N. Hudson,
9971 Base Line Road
Elverta, CA 95626-9411
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