This year's Proposition 13 proposes the sale of $15 billion in general obligation bonds to finance construction projects for K-12 schools, community colleges and state universities.
California voters will see only one statewide proposition on the March 3 primary ballot, a proposal to borrow money for the state’s schools. And in an election season dominated by a fiercely contested Democratic presidential race, this single ballot measure has received little attention.
The largest slice of Proposition 13 bond funds — $5.2 billion — would be earmarked for renovating existing, older buildings at primary and secondary schools across California. An additional $2.8 billion would be reserved for new school construction. Facility needs at career technical education sites and charter schools would evenly split $1 billion more in bond funds.
The ballot measure also changes traditional “first come, first served” rules about doling out school bond dollars. Projects impacting the health and safety of students would have the highest priority, followed by those from projects with limited local options.
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