Lawmakers Considering Asking Voters to Approve About $60.5 Billion in Bond Proposals

Facing the June 27 deadline to have ballot measures qualify for the November ballot, lawmakers are considering bond proposals—two related to climate resilience and two funding school facilities— totaling nearly $60.5 billion. At current interest rates, if the measures are approved by voters, lawmakers, and the governor, they could cost nearly $120 billion to repay over 30 years. Assembly Bill 247, authored by Assemblyman Al Muratsuchi, would allow voters to establish the Transitional Kindergarten Through Community College Education Facilities Bond Act of 2024, which would authorize $14 billion in bonds to fund new construction and modernization of outdated facilities. “California schools are woefully run down and need fixing in order to make sure that our kids benefit from 21st century schools,” Mr. Muratsuchi told The Epoch Times. “We have health and safety concerns… and we need to make sure that we have clean and safe learning environments for all Californians regardless of where they live.”...