By: Marshall Benveniste on November 12, 2024
California Voters Approve $10 Billion Bond for School Improvements
California voters approved Proposition 2 last week, authorizing $10 billion in general obligation bonds to repair, upgrade, and build education facilities statewide. The funds will be used for construction and renovation projects in K–12 public schools, community colleges, and career technical education programs. The funding aims to enhance health and safety conditions and modernize classrooms across the state.
Planning and construction phases are expected to take several years. Local education authorities will determine specific projects.
Project areas that the funds may cover include:- Education facility repairs and upgrades
- New construction of schools
- Safety enhancements
- Improvements for career technical education
- Energy efficiency projects
California has around 10,000 public schools, including about 1,300 charter schools, that serve elementary through high school students. Local school districts govern most of these public schools.
The state has 115 local community colleges governed by local districts. These colleges offer associate degrees and other educational programs and training for adults.
In this stock image, a teacher reads to pupils in the school library.
The California Teachers Association was among the supporters of Proposition 2, the measure providing $10 billion in bond funding for repairs and upgrades at thousands of schools across California. The Association maintained that many educational facilities are outdated and need repairs to ensure a safe learning environment.
The bond will increase state costs by an estimated $500 million annually for 35 years, totaling around $18 billion when repaid with interest. Opponents raised concerns about the financial burden on California taxpayers. The Teachers Association, boasting a membership of over 300,000, emphasized the importance of local control and taxpayer accountability for the funds.
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About Marshall Benveniste
Marshall Benveniste is a writer and Senior Content Marketing Manager at ConstructConnect with the Economics Group. Marshall has written on various topics for the construction industry, including strategies for building product manufacturers, artificial intelligence in construction, and data-driven decision-making. Before joining ConstructConnect in 2021, Marshall spent 15 years in marketing communications for financial services and specialty construction firms. He holds a PhD in organizational management.