Authorizes $10 billion in general obligation bonds for repair, upgrade, and construction of facilities at K–12 public schools (including charter schools), community colleges, and career technical education programs, including for improvement of health and safety conditions and classroom upgrades. Requires annual audits. Fiscal Impact: Increased state costs of about $500 million annually for 35 years to repay the bond. Supporters: California Teachers Association; California School Nurses Organization; Community College League of California Opponents: Howard Jarvis Taxpayers Association
Chart depicts total fundraising by all committees primarily formed for and against Prop 2.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 2 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 borrow $10 billion to build new or renovate existing public school and community college facilities.
A NO vote on this measure means: The state could not borrow $10 billion to build new or renovate existing public school and community college facilities.
For background on Proposition 2, an analysis by the legislative analyst, endorsements for and against the measure, and more...
Many schools and community colleges are outdated and need basic health and safety repairs and upgrades to prepare students for college and careers and to retain and attract quality teachers. Prop. 2 meets those needs and requires strict taxpayer accountability so funds are spent as promised with local control.
Proposition 2 will increase our bond obligations by $10 billion, which will cost taxpayers an estimated $18 billion when repaid with interest. A bond works like a government credit card—paying off that credit card requires the government to spend more of your tax dollars! Vote NO on Prop. 2.