California Proposition 86, County Correctional Facilities Bond Measure (1988)

California Proposition 86
Election date November 8, 1988
Topic Bond issues
Status a Approved
Type Bond issue	Origin State Legislature

California Proposition 86 was on the ballot as a bond issue in California on November 8, 1988. It was approved.

A "yes" vote supported authorizing the issuance of $500 million in bonds to fund the construction and renovation of county correctional facilities, county juvenile facilities, and youth centers and shelters.

A "no" vote opposed authorizing the issuance of $500 million in bonds to fund the construction and renovation of county correctional facilities, county juvenile facilities, and youth centers and shelters.

Election results

California Proposition 86
Result		Votes	Percentage
Yes		4,913,599	54.75%
No		4,061,722	45.25%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Proposition 86 was as follows:

“

County Correctional Facility Capital Expenditure and Youth Facility Bond Act of 1988

”

Ballot summary

The ballot summary for this measure was:

“

This act provides for a bond issue of five hundred million dollars ($500,000,000) to provide funds for the construction, reconstruction, remodeling, replacement, and deferred maintenance of county correctional facilities and county juvenile facilities and to provide funds to youth centers and youth shelters.

”

Full Text

The full text of this measure is available here.

Fiscal impact

See also: Fiscal impact statement

The fiscal estimate provided by the California Legislative Analyst's Office said:

“

Direct Cost of Paying Off the Bonds. The state would make principal and interest payments on these bonds from the state's General Fund over a period of about 20 years. Assuming that all of the bonds were sold at an interest rate of 7.5 percent, the cost would be about $900 million to pay off the principal ($500 million) and interest ($400 million). The average payment for principal and interest would be about $40 million per year. Borrowing Costs for Other Bonds. By increasing the amount that the state borrows, this measure may cause the state and local governments to pay more under other bond programs. These costs cannot be estimated. Lower State Revenues. The people who buy these bonds are not required to pay state income tax on the interest they earn. Therefore, if California taxpayers buy these bonds instead of making other taxable investments, the state would collect less taxes. This loss of revenue cannot be estimated.

”

Path to the ballot

See also: Signature requirements for ballot measures in California

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 86 on the ballot via Senate Bill 1664 (Statutes of 1988, Ch. 264).

Votes in legislature to refer to ballot
Chamber	Ayes	Noes
Assembly	64	3
Senate	37	0

See also

1988 Measures

• 1988 Measures
• Law enforcement on the ballot
• Bond issues on the ballot
• 1988 legislative sessions

California

• California ballot measures
• California ballot measure laws

News and analysis

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

External links

• California Voter Guide (November 1988)