California Proposition 14, Bonds for Libraries (2000)
Proposition 14 authorized a $350 million bond for public libraries and literacy programs. The funds were used to provide grants to local governments to:
- Construct new libraries
- Expand or renovate existing libraries
- Related furnishings and equipment.
Under the terms of Proposition 14:
- Local governments would have to pay 35% of the costs of library projects funded through a Proposition 14 grant.
- The size of the grants could be as low as $50,000 or as high as $20 million.
- A six-member state board was created to adopt policies for Proposition 14 giving and to make the final choices about which grants were approved.
General obligation bonds of the type authorized by Proposition 14 are backed by the State of California, which means that the state is required to pay the principal and interest costs on the bonds.
Text of measure
The ballot title was:
- This act provides for a bond issue of three hundred fifty million dollars ($350,000,000) to provide funds for the construction and renovation of public library facilities in order to expand access to reading and literacy programs in California's public education system and to expand access to public library services for all residents of California.
- Appropriates money from state General Fund to pay off bonds.
- See also: Fiscal impact statement
The California Legislative Analyst's Office provided an estimate of net state and local government fiscal impact for Proposition 14. That estimate was:
- State cost of about $600 million over 25 years to pay off both the principal ($350 million) and interest ($250 million) costs on the bonds. Payments of about $24 million per year.
- One-time local costs (statewide) of $190 million to pay for a share of library facility projects. Potential additional local operating costs (statewide) ranging from several million dollars to over $10 million each year.
$166,787 was spent in favor of the measure, while there was no opposition campaign.
Path to the ballot
Proposition 14 was voted onto the ballot by the California State Legislature via Senate Bill 3 of the 1999-2000 Regular Session (Chapter 726, Statutes of 1999).
|Votes in legislature to refer to ballot|
- Official Voter Guide to Proposition 14
- Full text of Proposition 14
- Official declaration of the March 7, 2000 vote
- Smart Voter on Proposition 14
- Cal Voter on Prop 14
- Top Ten contributors