Become part of the movement for unbiased, accessible election information. Donate today.
California Proposition 152, Public School Construction and Improvements Bond Measure (June 1992)
| California Proposition 152 | |
|---|---|
 | |
| Election date June 2, 1992 | |
| Topic Bond issues and Education | |
Status Approved | |
| Type Bond issue | Origin State Legislature |
California Proposition 152 was on the ballot as a bond issue in California on June 2, 1992. It was approved.
A "yes" vote supported authorizing the state legislature to issue $1.9 billion in bonds to fund the construction or improvement of California's public schools. |
A "no" vote opposed authorizing the state legislature to issue $1.9 billion in bonds to fund the construction or improvement of California's public schools. |
Proposition 152 provided for a bond issue of $1.9 billion to provide capital outlay for construction or improvement of public schools.
Election results
|
California Proposition 152 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
3,119,441 | 52.92% | ||
| No | 2,774,699 | 47.08% | ||
Text of measure
Ballot title
The ballot title for Proposition 152 was as follows:
| “ | SCHOOL FACILITIES BOND ACT OF 1992 | ” |
Ballot summary
The ballot summary for this measure was:
| “ | •This act provides for a bond issue of one billion nine hundred million dollars ($1,900,000,000) to provide capital outlay for construction or improvement of public schools. | ” |
Full Text
The full text of this measure is available here.
Fiscal impact
The fiscal estimate provided by the California Legislative Analyst's Office said:[1]
| “ | Direct Costs of Paying Off the Bonds. For these types of bonds, the state typically would make principal and interest payments from the state's General Fund over a period of about 20 years. If all of the bonds authorized by this measure are sold at an interest rate of 7 percent, the cost would be about $3.3 billion to pay off both the principal ($1.9 billion) and interest (about $1.4 billion). The average payment for principal and interest would be about $165 million per year.[2] | ” |
Path to the ballot
A simple majority vote was needed in each chamber of the California State Legislature to refer the measure to the ballot for voter consideration.
The California State Legislature voted to put Proposition 152 on the ballot in Assembly Bill 880 (Statutes of 1992, Chapter 12). The vote in the state House was 70-1 and the vote in the Senate was 33-0.[1]
See also
External links
- June 2, 1992 Official Voter Guide
- Hastings California I&R database
- Statement of vote, California June 2, 1992 statewide elections
- Los Angeles Law Library, 1992 ballot propositions
- ↑ 1.0 1.1 UC Chastings, "June 1992 primary voter guide," accessed July 27, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
