K-12 and Community College Facilities Bond
Summary
Authorized $10 billion in general obligation bonds to fund construction, renovation, and modernization of K-12 school and community college facilities. Funds are distributed through existing state school facility programs with local matching requirements. It passed with about 58% of the vote.
Results
Arguments
For
Thousands of California school buildings are aging and in disrepair; this bond provides essential funding to modernize classrooms, improve safety, and provide 21st-century learning environments for students.
Against
Opponents noted California already carries substantial debt and that bond financing adds significant interest costs to taxpayers over the life of the loan.