By Richard Bammer
Many parents, including Vacaville Unified trustees, California educators, and state and federal legislators from both sides of the political aisle support Proposition 51, but, as expected, major statewide anti-tax groups do not.
If approved by voters Nov. 8, the K-12 School and Community College Facilities initiative, the first of its kind on a California ballot, authorizes $9 billion in general obligation bonds for new buildings and upgrades to the state’s 10,000 K-12 schools, including 1,100 charter schools, vocational education facilities, and the state’s 113 community colleges. California has some 6.2 million students in K-12 schools and some 2.1 million enrolled in community colleges, the largest such systems of their kind in the nation.
The initiative’s fiscal impact, according to the Legislative Analyst’s Office, would be about $17.6 billion to pay off the principal ($9 billion) and interest ($8.6 billion) on the bonds. It would generate payments of $500 million annually for 35 years.