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School Bond Initiative

We have just learned that the school bond initiative has received enough signatures to appear on the November 2016 ballot.  The bond measure will provide a total of $9 billion in new funds for K-14 school facilities.  This initiative maintains the current School Facilities Program rules that were in place as of January 2015.

The $9 billion would be split this way:

  • $2 billion for Community Colleges
  • $3 billion for K-12 New Construction
  • $3 billion for K-12 Modernization
  • $500 million for K-12 Charter Schools
  • $500 million for K-12 Career Technical Education (CTE)

Click here to view the text of the initiative.

Proposed Prop. 30 Tax Extension

In addition to this measure, voters will likely be asked to consider a measure to continue the Prop. 30 tax increases.  This proposed initiative was filed on Monday and will still have to go through the signature gathering phase.  It would:

  • Continue the higher tax brackets on couples earning more than $500,000 per year for 12 years, generating between $7-9 billion annually.
  • Allows the current quarter cent sales tax, which was part of Prop. 30, to expire in 2016. This will result in a loss of state revenues of approximately $1.5 billion.

Click here to view the text of the initiative.

Erin Evans-Fudem, Legislative Counsel
Capitol Advisors Group, LLC