California Proposition 55, School and College Facilities Measure (March 2004)

California Proposition 55
Election date March 2, 2004
Topic Bond issues
Status a Approved
Type Bond issue	Origin State Legislature

California Proposition 55 was on the ballot as a bond issue in California on March 2, 2004. It was approved.

A "yes" vote supported this measure to issue $12.3 billion in bonds for school and college facilities.

A "no" vote opposed this measure to issue $12.3 billion in bonds for school and college facilities.

Overview

Proposition 55 authorized $10 billion in general obligation bonds for the construction and renovation of K-12 school facilities and $2.3 billion of general obligation bonds for construction and renovation of higher education facilities, for a total of $12.3 billion.

Election results

California Proposition 55
Result		Votes	Percentage
Yes		3,239,706	50.85%
No		3,130,921	49.15%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Proposition 55 was as follows:

“

Kindergarten-University Public Education Facilities Bond Act of 2004. Legislative Bond Act.

”

Ballot summary

The ballot summary for this measure was:

“

This act provides for a bond issue of twelve billion three hundred million dollars ($12,300,000,000) to fund necessary education facilities to relieve overcrowding and to repair older schools. Funds will be targeted to areas of greatest need and must be spent according to strict accountability measures. Funds will also be used to upgrade and build new classrooms in the California Community Colleges, the California State University, and the University of California, to provide adequate higher education facilities to accommodate growing student enrollment. 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 costs of about $24.7 billion to pay off both the principal ($12.3 billion) and interest ($12.4 billion) costs on the bonds." "Payments of about $823 million per year.

”

Support

Supporters

• California Teachers Association
• California Building Industry Association

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.

Proposition 55 was voted onto the ballot by the California State Legislature via Assembly Bill 16 of the 2001-2002 Regular Session (Chapter 33, Statutes of 2002).

Votes in legislature to refer to ballot
Chamber	Ayes	Noes
Assembly	71	8
Senate	27	11

See also

2004 Measures

• 2004 Measures
• Education on the ballot
• Bond issues on the ballot
• 2004 legislative sessions

California

• California ballot measures
• California ballot measure laws

News and analysis

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

External links

• March 2004 Primary Voter Guide