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Bonds for Public Schools and Community College Facilities |
Elections in California |
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Proposition 2, titled Authorizing Bonds for Public Schools and Community College Facilities, is a California ballot proposition and legislative statutes that will be voted on in the 2024 general election on November 5. The proposition, if passed, will authorize the issuance of $10 billion in state general obligation bonds for repair, upgrade, and construction of facilities at K–12 public schools and community colleges; this will also include charter schools throughout the state of California. [1]
The proposition will also allow for the authorization of the following: [1]
The official support statement of the proposition argues that "many schools and community colleges are outdated and need basic health and safety repairs and upgrades to prepare students for college and careers and to retain and attract quality teachers. Prop. 2 meets those needs and requires strict taxpayer accountability so funds are spent as promised with local control." [2]
The official oppositional statement of the proposition argues that "Proposition 2 will increase our bond obligations by $10 billion, which will cost taxpayers an estimated $18 billion when repaid with interest. A bond works like a government credit card—paying off that credit card requires the government to spend more of your tax dollars! Vote NO on Prop. 2." [4]
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