California "Fund Schools on Time" Initiative (2014)
Supporters of the initiative refer to it as "The Fund Schools on Time Act of 2014".
Text of measure
- "Repeals, and re-enacts effective July 1, 2015, the state statute authorizing distribution and governing timing of payments from the State School Fund, the primary source of annual state funding for schools. Requires a three-fourths majority vote of the Legislature to defer payments to schools, or to amend the statute in any other way aside from moving up the timing of distributions."
Fiscal impact statement:
- "One-time state costs in 2015-16 of up to $5.6 billion to eliminate all existing school payment deferrals. Beginning in 2015-16, more predictable cash flow for schools and lower school borrowing costs. In future years, reduced state flexibility to respond to cash or budgetary problems."
Path to the ballot
|Note: April 18, 2014 is the deadline for initiative and referendum proponents to submit collected signatures to county election officials, as suggested by the California Secretary of State. The deadline, however, has operated in the past as a date of assured consideration. Signatures for initiatives, such as 2012's Proposition 30 and Proposition 31, have been submitted upwards of eighteen days after the deadline and still qualified for the general election ballot for that year. Proponents of initiatives who submit their signatures after the April 18 deadline for 2014, but by their initiative's petition circulation deadline, and have their initiative qualified, will have their initiative placed on the 2016 ballot.|
- Suzanne Cordingley submitted a letter requesting a title and summary on September 30, 2013.
- A title and summary were issued by the Attorney General of California's office on December 2, 2014.
- 504,760 valid signatures are required for qualification purposes.
- Supporters have until May 1, 2014 to collect the required signatures. Filing sufficient signatures by that date would not allow the initiative to compete on the November 4, 2014 ballot.
- The Secretary of State’s suggested signature filing deadline for the November 4, 2014 ballot is April 18, 2014.
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