| General
Questions and Answers about Prop 55
• Will passage of Prop 55 raise
my property tax?
• Will any of the money from Prop 55 be
used for salaries or other nonessential administrative expenses?
• Will Prop 55 fund all the capital costs
at the CSU?
• How will California's economy benefit?
• Who supports/opposees Prop 55: 2004 School
Bond?
Q. Will passage of Prop 55 raise
my property taxes?
A. No. The bonds will be repaid from state revenues
over 30 years and would not increase or create new taxes.
Q. Will any of the money from Prop
55 be used for salaries or other nonessential administrative expenses?
A. No. All of the revenue derived from sale of
the General Obligation bonds that the 2004 School Bond measure
would authorize must be used solely for construction, renovation,
and repair of school facilities. Bond money cannot be used for
salaries or administrative expenses.
Q. Will Prop 55 fund all the capital
costs at the CSU?
A. No. The Board of Trustees of the CSU oversees
the capital planning, design and construction at all 23 campuses
through a five-year capital outlay plan adopted annually. According
to the current plan, the CSU estimates a total need of $3.6 billion
over the next five years alone. The $690 million provided in the
School Bond will cover 19 percent of the total need.
Q. How will California's economy
benefit?
A. If approved, it is estimated that the 2004 School Bond would
create 250,000 jobs in the state in construction and related industries.
Q. Who supports/opposes Prop 55:
2004 School Bond?
A. SUPPORTERS:
Here is a small sample of supporters for the bond measure; for
a complete list see: www.2004schoolbond.com
California State PTA
California Teachers Association
California Federation of Teachers
California Chamber of Commerce
League of Women Voters of California
Congress of California Seniors
Californians for Higher Education
California School Boards Association
OPPONENTS:
There is no known opposition website available at this time. |
