California "Fund Schools on Time" Initiative (2014)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
Supporters of the initiative referred 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
- 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 had 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 was April 18, 2014.
- The initiative was announced as failing on May 16, 2014.