California Proposition 203, School Bond Measure (March 1996)

California Proposition 203
Election date March 26, 1996
Topic Bond issues
Status a Approved
Type Bond issue	Origin State Legislature

California Proposition 203 was on the ballot as a bond issue in California on March 26, 1996. It was approved.

A "yes" vote supported issuing $3 billion in bonds for school facility improvements.

A "no" vote opposed issuing $3 billion in bonds for school facility improvements.

Election results

California Proposition 203
Result		Votes	Percentage
Yes		3,542,816	61.95%
No		2,175,917	38.05%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Proposition 203 was as follows:

“

Public Education Facilities Bond Act of 1996.

”

Ballot summary

The ballot summary for this measure was:

“

This act provides for a bond issue of three billion dollars ($3,000,000,000) to provide funds for school facility improvement programs. Earmarks $2.025 billion for primary and secondary schools, and $975 million for higher education. Appropriates money from General Fund to pay off bonds.

”

Full Text

The full text of this measure is available here.

Fiscal impact statement

The fiscal impact statement was as follows:

“

State General Fund cost of about $5.2 billion to pay off both the principal ($3 billion) and interest ($2.2 billion) on the bonds. The average payment for principal and interest over 25 years would be about $208 million per year.

”

Path to the ballot

The California State Legislature passed a bill that placed the bond issue on the ballot.

See also

1996 Measures

• 1996 Measures
• Education on the ballot
• Bond issues on the ballot
• 1996 legislative sessions

California

• California ballot measures
• California ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls

External links

• Official California 1996 Primary Voter Guide