On November 8th, Californians approvedProp. 51, authorizing $9.0 billion in new borrowing for construction and upgrades of public schools. Also on November 8th, Californians approved 171 local bond measures, authorizing over $22 billion in additional financing for construction and upgrades of public schools.
This new borrowing is only to construct and upgrade K-12 and community college campuses.Total K-12 enrollmentin California has been stable at around 6.3 million students for over a decade.Community college enrollmentin California is about 2.1 million students. This means that this latest round of borrowing equates to $3,735 per student. And similar sums are thrown at California’s K-12 schools and community colleges for construction and upgrades every two years. What gives?
One of the most obvious problems with voter approved bonds in California is the preference given school bonds.… Read More