Last week the California Policy Center published amajor new studythat compiled, in exhaustive detail, both the amount that Californians have borrowed to finance public school construction and upgrades, as well as documented the abuses that have diminished the return on these substantial investments. Californians simply don’t realize how much borrowing is going on.

“For the Kids,” Construction spending of $10 billion per year for the last 14 years, despite enrollment in slight decline.

In 2001, voters passed Prop 39, which lowered the threshold for passage of a school bond from 66% to 55%. Prior to the passage of Prop. 39, only 42% of school bond proposals would pass –… Read More