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Authorizing Bonds for Public Schools and Community College Facilities Authorize $10 billion of bonds to build and repair facilities at K-12 public schools and community colleges. Requires annual audits. Increased state costs of about $500 million annually for 35 years to repay the bond. | |||||||||||||||||||
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| Source: California Secretary of State[1] | |||||||||||||||||||
| Elections in California |
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Proposition 2, titled Authorizing Bonds for Public Schools and Community College Facilities, was a California ballot proposition and legislative statutes that passed in the 2024 general election on November 5, 2024.[2] The proposition authorized 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 also includes charter schools throughout the state of California.[3]
The proposition also allowed for the authorization of the following:[3]
- Provides funding for new facilities, to improve school health and safety conditions at existing facilities, and for classroom upgrades (e.g., science, engineering, transitional kindergarten, and vocational classrooms).
- Expands eligibility for financial hardship grants for small and disadvantaged school districts.
- Provides higher percentage of state matching funds to schools demonstrating greatest need.
- Requires public hearings and performance audits.
- Appropriates money from General Fund to repay bonds.
- ^ "California General Election November 5, 2024: State Ballot Measures - Statewide Results: Proposition 2". Retrieved November 7, 2024.
- ^ Jones, Carolyn (2024-08-21). "California Proposition 2: School facilities bond". CalMatters. Retrieved 2024-11-07.
- ^ a b Weber, Shirley (August 29, 2024). "2024 California Proposition 2" (PDF). Office of the Secretary of State of California.