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Kindergarten-University Public Education
Facilities Bond Act of 2006
Legislative Bond Act.

THE QUESTION

Should the state sell $10.4 billion in general obligation bonds to repair and upgrade public schools, including K-12, community colleges, and state colleges and universities?

THE SITUATION

For kindergarten through grade 12, the state and school districts share the cost of facilities. Over the past ten years, voters have approved a total of $28.1 billion in state general obligation bonds for K-12 school facilities. The state estimates that costs for building new schools and repairing older schools will total more than $11 billion over the next five years.

For public higher education facilities (community colleges, University of California, and California State Universities), voters over the past ten years have approved $6.5 billion in state general obligation bonds for specific capital improvements. The state has also provided about $1.6 billion in lease revenue bonds that were authorized by the Legislature.

THE PROPOSAL

Proposition 1D allows the state to sell $10.4 billion of general obligation bonds for K-12 and higher education facilities.

The K-12 facilities funds of $7.3 billion are allocated as follows:

• Modernization projects—$3.3 billion
• New construction projects—$1.9 billion
• Severely overcrowded schools—$1 billion
• Charter school facilities—$500 million
• Career technical facilities—$500 million
• Environment-friendly projects—$100 million
• Joint-use projects—$29 million

The higher education funding of $3.1 billion allocates $1.5 billion to the community colleges, $890 million for the UC system, and $690 million for the CSU system.

FISCAL EFFECT

The Legislative Analyst estimates the 30-year cost to be $20.3 billion.

WHAT A YES OR NO VOTE MEANS

A YES vote means that the state could issue $10.4 billion in general obligation bonds for repair and upgrade of public schools, including K-12, community colleges, and state colleges and universities.

A NO vote means that the state would not be able to issue these new general obligation bonds for these purposes.

SUPPORTERS SAY

• Proposition 1D will make our schools earthquake safe \
• It will reduce overcrowding in our schools
• It will update our schools for the latest technology.

OPPONENTS SAY

• Proposition 1D is too big and includes new, untested programs
• It's another short-term bond proposal that funds only the next two years of need
• More borrowing, more debt.

FOR MORE INFORMATION

PRO: 916-442-2952, ReadForYourself.org

CON: 916-991-9300, www.protecttaxpayers.com