Important Information on Opposing Prop 13 (not that one) on the March Ballot

Important Information on Opposing Prop 13 (not that one) on the March Ballot

You may have seen some information about a measure named Proposition 13 on the upcoming ballot in the March Presidential Primary.

This has caused some confusion among voters due to the number being the same as the very famous property tax measure of the same name which was passed in 1978.

California cycles through the numbering of ballot measures, thus the same number may get used twice over a long period of time.

So before going further, it is important to know that this Proposition 13 has nothing to do with property tax limitations.

Instead, this measure allows for $15 billion in new debt to be issued to pay for school construction, with an additional $11 billion in interest. It also allows school districts to go further into debt than they typically have before.

From Ballotpedia, the debt will be broken down like so:

 

School and College Facilities Bond (March 2020)
Amount Dedication
$9.0 billion Preschool and K-12
$2.8 billion new construction of school facilities
$5.2 billion modernization of school facilities
$500 million providing school facilities to charter schools
$500 million facilities for career technical education programs
$4.0 billion Universities
$2.0 billion capital outlay financing needs of the California State University
$2.0 billion capital outlay financing needs of the University of California and Hastings College of the Law
$2.0 billion Community colleges
$2.0 billion capital outlay financing needs of community colleges

 

Here is a good summary of the measure from California Political Review, as well as comments about the strange silence from the California Republican Party on it.

Perhaps this all sounds familiar? Do you have that nagging suspicion that we've just recently passed a school bond? A foggy recollection that this has happened before? Maybe even more than once?

You'd be right: California voters passed a $9 billion school bond four short years ago in 2016. Not satisfied with the $9 billion, the voracious appetite of government and their connected cronies now demands even more from the taxpayer trough to quench their unending thirst.

But that's not all, California voters have passed more than just the 2016 bond. Also from Ballotpedia:

 

> Between 1998 and 2019, voters approved five bond measures for school facilities—Proposition 1A (1998), Proposition 47 (2002), Proposition 55 (2004), Proposition 1D (2006), and Proposition 51 (2016).

 

NAME PRINCIPAL (IN BILLIONS) INTEREST (IN BILLIONS) YEAR

1A

9.2 6 1998
47 13.05 13.15 2002
55 12.3 12.4 2004
1D 10.4 9.9 2006
51 9 8.6 2016
TOTAL 53.95 50.05  

 

That comes to a total of $104 billion in principal and interest over the last two decades. Prop 13 would add another $26 billion on top of that, for a grand total of $130 billion. This is an astronomical sum, especially considering what we've gotten for it. If such funds had been put to good use, the debt monster wouldn't be back demanding more.

 

Vote NO on Proposition 13 this March!