Ballot measure for schools proposes more borrowing
A multibillion-dollar water bond isn’t the only borrowing measure that could show up on voters’ ballots this fall.
This week, legislation that would place a school construction bond before voters Nov. 4 cleared another legislative committee with support from both sides of the aisle.
Yet there are major unknowns with Assembly Bill 2235: the amount of the bond and whether it will get the backing of Gov. Jerry Brown.
“Ultimately, just like with all bonds, we’re going to have to have that big powwow where everyone comes to an agreement,” said Assemblywoman Joan Buchanan, D-Alamo, the author of AB 2235.
Brown, who this week finally signaled his desires for a revised water bond, has said nothing for months about a possible school bond. In January, Brown raised concerns about the cost of past bonds and said any revamped construction program should “avoid an unsustainable reliance on state debt issuance that characterizes the current school facilities program.”
Meanwhile, a range of influential interests – from the California Chamber of Commerce to the California Teachers Association – support Buchanan’s bill.
“I am comfortable that we have done our due diligence for the voters of the 31st District.”