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Proposition 13 would issue $15 billion in bonds for schools at all levels

The primary elections will take place on March 3rd
Proposition 13 would issue $15 billion in bonds for schools at all levels
Posted at 6:49 PM, Feb 07, 2020
and last updated 2020-02-08 21:46:06-05

With the primary elections taking place next month, Californians will have to decide on which side of the only state measure they'll be on.

Proposition 13 is a $15 billion state bond measure issued to help schools, community colleges and universities with costs for their facilities.

San Luis Obispo County's assessor, Tom Bordonaro, says it's important to know that it won't be locally funded.

“It will come out of all the revenues the state collects, all the different types of revenue, whatever goes into the general fund. It will not be taken out of property tax," said Bordonaro.

Bordonaro says one of his concerns is due to the bonds that have not yet been sold.

“There’s already about seven billion dollars of bonds that have not even been sold yet, so there’s money sitting in California and I’m not really sure what the need is for this at this time,” added Bordonaro.

According to the proposed measure, $6 billion will go to the higher education with $2 billion each for community colleges, California State University and the University of California.

Also included is $9 billion for K-12 schools and money for new construction, charter school facilities and career technical program facilities.

The Republican Party of San Luis Obispo County says they are against Prop. 13 due to the money that would have to be paid back in interest within the next 35 years.

“Its actually a twenty-seven billion dollar bond. They have promised interest to wall street that amounts to 80% of the bond," said Randall Jordan, the party's Chairman.

Other organizations like the League of Women's Voters of California say they believe the measure will be especially helpful in allowing schools to be safer environments.

“Having a good secure and safe environment for students is very much a part of education and it’s very important for students to be in a place where they feel comfortable and they won’t be drinking leded water or anything," said Carol Moon Goldberg, the president of the organization.

If passed, Prop. 13 would require regular audits to ensure that construction projects using state bond money are going according to plan.