Authorizes $1.5 billion in bonds, to be repaid from stateâ€™s General Fund, to fund grants for construction, expansion, renovation, and equipping of qualifying childrenâ€™s hospitals. Fiscal Impact: Increased state costs to repay bonds averaging about $80 million annually over the next 35 years.
Chart depicts total fundraising by all committees primarily formed for and against Prop 4.Totals are updated daily with contributions from Power Search and adjustments from the most recent Political Reform Division analysis.
Showing the 10 largest contributions to committees formed primarily for and against Prop 4 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
A YES vote on this measure means: The state could sell $1.5 billion in general obligation bonds for the construction, expansion, renovation, and equipping of certain hospitals that treat children.
A NO vote on this measure means: The state could not sell the $1.5 billion in general obligation bonds proposed for these purposes.
For background on Proposition 4, an analysis by the legislative analyst, endorsements for and against the measure, and more...
California Children's Hospitals provide specialized care for over 2 million sick children each yearâ€”cancer, sickle cell, organ transplantsâ€”no matter what families can pay. 85% of children with leukemia are cured. Proposition 4 increases capacity, provides the latest technology, and advances pediatric research to cure more children.
Proposition 4 would authorize the State to borrow $1.5 billion for construction and expansion at "non-profit" children hospitals by selling bonds that would need to be repaid with interest. We should look at the bigger picture and ask how to improve health care outcomes in California.