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   CA Proposition 55 - Kindergarten-University Public Education Facilities Bond Act of 2004

ELECTION INFORMATION

Container

Kindergarten & University Bond

Race Type

Referendum

Filing Deadline

12/30/2003 3:00 pm

Polls Open

3/2/2004 9:00 am

Polls Close

3/2/2004 10:00 pm

Term Starts

1/20/2005 12:00 pm

Term Ends

1/20/9999 12:00 pm

Database Record

Posted 6/17/2006, Updated 8/23/2010

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NARRATIVE

KINDERGARTEN-UNIVERSITY PUBLIC EDUCATION FACILITIES BOND ACT OF 2004. * 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. Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: * 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.


DEBATES

EVENTS

NEWS

Date

Category

Headline


MAP OF THIS ELECTION

 


RESULTS OF THIS ELECTION

 

Yes
(YES)
Announced 3/2/2004

2,810,724
50.51%

 

No
(NO)
Announced 3/2/2004

2,753,870
49.49%

 

Source for election returns: California Secretary of State http://vote2004.ss.ca.gov/Returns/prop/00.htm


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