School Facilities. Local Majority Vote. Bonds, Taxes. Initiative Constitutional Amendment and Statute.
	Official Title and Summary prepared by the Attorney General
Full Text of Proposed Law	School Facilities. Local Majority Vote. Bonds, Taxes. Initiative Constitutional Amendment and Statute.

• Authorizes school, community college districts, and county education offices that evaluate safety, class size, information technology needs to issue bonds for construction, reconstruction, rehabilitation or replacement of school facilities if approved by majority of applicable jurisdiction's voters.
• New accountability requirements include annual performance, financial audits.
• Prohibits use of bonds for salaries or other school operating expenses.
• Requires that facilities be available to public charter schools.
• Authorizes property taxes higher than existing 1% limit by majority vote, rather than two-thirds currently required, as necessary to pay the bonds.

Summary of Legislative Analyst's
Estimate of Net State and Local Government Fiscal Impact:

• Increased local school district debt costs--potentially in the hundreds of millions of dollars statewide each year within a decade. These costs would depend on voter action on future local school bond issues and would vary by individual district.
• Unknown impact on state costs. Potential longer-term state savings to the extent local school districts assume greater responsibility for funding school facilities.

Argument in Favor of Proposition 26

Rebuttal to Argument in Favor of Proposition 26

Argument Against Proposition 26

Rebuttal to Argument Against Proposition 26

Full Text of Proposition 26