09 Sep Proposition 51: California Public School Facility Bonds Initiative
Explanation: Proposition 51 supports the state issuing $9 billion in bonds to fund improvement and construction of school facilities for K-12 schools and community colleges.
BWW Analysis: Although this is not the ideal way to get more public school funding, it’s one of our best bets. Not only does it provide more money for K-12, it also beefs up spending for our community colleges that is so desperately in need of funding. For many people, community college is the first chance at higher education. What we are not feeling about this proposition is the crazy amount that taxpayers are going to have to pay in interest. For the $9 billion we borrow, we are paying $8.6 billion more in interest (which feels like mafia type levels of interest). In a perfect world we hope that the state legislature would be able to invest in our public schools without a bond, but it’s not a perfect world and this is the best we have right now.