| Prop
55's Economic Impact on Orange County
If Prop 55, the 2004 School Bond Measure passes, Orange County
will receive $973 million to repair and enhance schools, from
kindergarten through university levels. In fact, Orange County
will not only receive the benefits of enhanced learning facilities,
but this money will spur economic activity.
“With passage of Proposition 55, Orange County’s
labor income and job growth will increase,” said Anil Puri,
dean of the College of Business and Economics at Cal State Fullerton
and head of the Institute of Economic and Environmental Studies,
“If voters approve the bond, we can expect approximately
$1.5 billion in additional county economic activity, nearly 11,000
new jobs and $574,000 generated in wages,” Puri explained.
“This is attributable to the influx of money that will be
needed for supplies, labor and planning for the building and re-construction
of schools that will be required as a result.”
|
Economic Impact of Prop 55 for
CONSTRUCTION AND MODERNIZATION OF SCHOOLS/UNIVERSITIES
for Orange County |
| |
Direct |
Indirect + Induced |
Total |
| Output |
$972,919 |
$606,523 |
$1.58M |
| Jobs |
5,130 |
5,800 |
10,930 |
| Labor Income |
$327,416 |
$246,945 |
$574,361 |
|
|