Be Proud of Your New Middle School Gymnasium! (Don’t Mention the $61 Million Debt for Borrowing $14 Million)
The coalition seeking to put a statewide bond measure for school construction on the ballot in California in 2016 appears to have succeeded. It submitted petitions with signatures to the California Secretary of State several weeks ahead of the deadline.
The Secretary of State will soon determine if the coalition obtained enough valid signatures to qualify the bond measure for the ballot. Based on current projections, California voters will indeed get the chance in 2016 to authorize the State of California to borrow $9 billion via bond sales to help local school districts build or renovate facilities.
Three ballot measures authorizing the state to borrow a total of $35.8 billion for school construction passed easily in the mid-2000s.… Read More