PROP
2

Authorizes Bonds for Public School and Community College Facilities. Legislative Statute.

Authorizes Bonds for Public School and Community College Facilities. Legislative Statute.

Summary

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

Money Raised

Chart depicts total fundraising by all committees primarily formed for and against Prop 2.Totals are updated daily with contributions from Power Search opens new window and adjustments from the most recent Political Reform Division analysis. opens new window

Largest Contributions

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 opens new window campaign finance search engine.

Yes on Prop 2

Taylor, Kat
10/10/2024
$1,700,000
California Teachers Association/Issues PAC
09/19/2024
$1,500,000
Coalition for Adequate School Housing Issues Committee, Yes on Proposition 2 -
08/29/2024
$1,000,000
California Building Industry Association Issues Committee
09/03/2024
$1,000,000
California Building Industry Association Issues Committee
10/17/2024
$750,000
California Building Industry Association Issues Committee
10/02/2024
$725,000
California Teachers Association/Issues PAC
10/11/2024
$618,880
Coalition for Adequate School Housing Issues Committee, Yes on Proposition 2 -
09/26/2024
$500,000
California Building Industry Association
10/29/2024
$427,000
Northern California Carpenters Regional Councils Issues PAC
10/08/2024
$350,000

No on Prop 2

No contributions have been reported to the No on 2 campaign in the election cycle when it appeared on the ballot.

What your vote means

Yes

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.

No

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.

More on Proposition 2

For background on Proposition 2, an analysis by the legislative analyst, endorsements for and against the measure, and more...

Arguments

Pro

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.

Con

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.

Campaigns

Against

Assemblyman Bill Essayli
California State Legislature
P.O. Box 942849
State Capitol
Sacramento, CA 94249-0063
(916) 319–2063
Assemblymember.Essayli@assembly.ca.gov
https://ad63.asmrc.org/