About

Not Another High Cost-Low Result Wall Street "Education" Bond

State: 
California
Who Decides? 
Voters
Current Status: 
On Ballot
Voting Date: 
Tuesday, Mar 3, 2020 7:00 AM - 8:00 PM

Overview

Prop 13 would authorize $15 billion in bonds for school and college facilities in California. Prop 13, known as the "Public Preschool, K-12, and College Health and Safety Bond Act of 2020", deals with improving the health and safety of school facilities by reparing and upgrading existing school facilities and building new ones. According to Governor Gavin Newsom, "this bond measure...focuses more on school modernization than new construction." Modernization projects include removing asbestos, mold, and hazardous materials from aging classrooms, replacing deteriorating pipes so students have safe drinking water, and making schools safer in wildfres, earthquakes, and natural disasters.

Here's how the $15 billion would be divided: $9 billion would go to preschool and K-12 schools, $4 billion would go to universities, and $2 billion would go to community colleges.

The Case Against Prop 13

 While no one disputes the importance of adequate school facilities, Prop 13 misses the mark for the following reasons:

1. Prop 13's interest rate is predatory

According to the California Legislative Analyst, the state would pay an estimated $26 billion for Prop 13 with $15 billion in principal and $11 billion in interest, over 35 years. The state would borrow $15 billion from Wall Street and then make taxpayers pay it back plus 80% in total interest costs

California is already making payments on about $80 billion in bonds. The state would have to make an additional payment of $740 million per year for 35 years.

2. Since 1998, California has passed several billion-dollar school facility bonds with little to show for them

California voters have already passed many big-ticket school facility bonds, including a recent $9 billion measure in 2016, only to see little results. Between 1998 and 2019, California voters approved 5 bond measures for school facilities:

  1. Proposition 1A: Bonds for Education (1998) - $15.2 billion [ $9.2 billion principal + $6 billion Wall Street interest ]
     
  2. Proposition 47: Bonds for School Construction (2002)$26.2 billion [ $13.05 billion principal + $13.15 billion Wall Street interest ] 
  3. Proposition 55: Kindergarten-University Public Education Facilities Bond Act (2004)$24.7 billion [ $12.3 billion principal + $12.4 billion Wall Street interest ]
     
  4. Proposition 1D: Bonds for Education Facilities (2006)$20.3 billion [ $10.4 billion principal + $9.9 billion Wall Street interest ]
     
  5. Proposition 51: Public School Facility Bonds (2016)$17.6 billion [ $9 billion principal + $8.6 billion Wall Street ]

It's clear that California voters care about education, passing billion-dollar school facility bonds time and again. It's also clear that the state's education establishment hasn't used existing school facility bond money effectively. California schools continue to rank among the lowest in the country. 

One example that comes to mind is the infamous Belmont High School scandal where the LAUSD spent $400-million to renovate and partially rebuild a low-income, overcrowded high school in Los Angeles. The construction project led to investigations, commissions, hearings and demonstrations. It was battled over, delayed, canceled, partially demolished and redesigned over 15 years. All the while, thousands of Los Angeles students were bused to neighboring schools. At a price tag of $400 million, Belmont High School is America's most expensive high school. 

3. More money should be spent inside the classrooms

California school's continue to fail because "trickle-down" education reform isn't working. Rather than throwing another $26 billion into school construction ontop of the $104 billion we've already spent, we should be investing more inside the classrooms themselves on things like:

  • School supplies
  • Teacher pay and training
  • After-school programs
  • Counseling services
  • Social services
  • School lunch programs
Media Voting Details

The primary election is on March 3, 2020. To vote for Shahid, you’ll need to be registered as either a Democrat or No Party Preference (NPP) voter.

Description Date
Primary Election Date Tues, March 3, 2020
7:00 am to 8:00 pm
Last Day to Register to Vote Mon, February 17, 2020

Register to Vote: https://registertovote.ca.gov/

Check Your Voting Status: http://www.sos.ca.gov/elections/cavoter/

For more details contact your county's voter registrar office: https://www.sos.ca.gov/elections/voting-resources/county-elections-offices/

For more info visit: https://www.sos.ca.gov/elections/upcoming-elections/presidential-primary-election-march-3-2020/

Get Involved

There is no official group for "No on Prop 13".

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