California Prop. 2: ‘Yes’ votes comfortably lead for school, college bonds initiative
Nov 05, 2024
In the first hours after polls closed in California, "yes" votes for Proposition 2, a measure that would allow the state to issue $10 billion in bonds to help build or provide upgrades to educational facilities, comfortably led by around 1 million votes.
If the initiative were to pass, $8.5 billion in bonds would be destined for K-12 schools, including charter schools, with the other $1.5 billion for community colleges.
The measure would also require that the state provide a higher percentage of the money needed for schools in lower-resourced districts. The state traditionally matches 50% of the cost of new construction and 60% of renovation projects.
Included in the measure’s language is funding for schools to help reduce lead levels in water, funding for transitional kindergarten classrooms and funding for technical education facilities.
According to a report from the Public Policy Institute of California in 2020, 38% of students statewide go to campuses that do not meet minimum standards, and 15% of students go to schools that have at least one “extreme deficiency…like gas leaks, power failures and structural damage.”
The PPIC also states that school facilities may need more than $100 billion over the next decade, yet in 2020, voters rejected the largest school construction bond in the state’s history.
Proposition 2 was put on the general election ballot after being approved by the state Legislature.
Arguments for the proposition say that the state badly needs to fix aging school facilities, that lower-resourced schools need more help and that the measure requires strict accountability at the local level.
Opponents of the proposition say that taxpayers will ultimately pay back the $10 billion plus another $8 billion in interest over a 35-year period.
In support of the measure are the California Teachers Association, California Chamber of Commerce and Community College League of California.
Those in opposition include the Howard Jarvis Taxpayers Association, Reform California and Assemblymember Bill Essayli.