November 5, 2024 (2024-11-05) | |||||||||||||||||||
Authorizing Bonds for Public Schools and Community College Facilities | |||||||||||||||||||
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| Source: California Secretary of State[1] | |||||||||||||||||||
Proposition 2, titledAuthorizing Bonds for Public Schools and Community College Facilities, was aCalifornia ballot proposition and legislative statutes that passed in the2024 general election on November 5, 2024.[2] The proposition authorized the issuance of $10 billion in state general obligation bonds for repair, upgrade, and construction of facilities at K–12 public schools and community colleges; this also includes charter schools throughout the state of California.[3]
The proposition also allowed for the authorization of the following:[3]
The official support statement of the proposition argues that "many schools and community colleges are outdated and need basic health and safety repairs and upgrades to prepare students for college and careers and to retain and attract quality teachers. Prop. 2 meets those needs and requires strict taxpayer accountability so funds are spent as promised with local control."[4]
The official oppositional statement of the proposition argues that "Proposition 2 will increase our bond obligations by $10 billion, which will cost taxpayers an estimated $18 billion when repaid with interest. A bond works like a government credit card—paying off that credit card requires the government to spend more of your tax dollars! Vote NO on Prop. 2."[9]
Associated Press called a "yes" vote on Proposition 2.[2] As of November 7, 2024, AP reported that reported that 56.9% voting yes and 43.1% voting no, with 54% of votes counted.[2]