January 10, 2018
The proposed State Budget for 2018-19 was released on January 10 at 10:00 a.m. The following is the statement that relates to school facilities in the proposed 2018-19 State Budget (Page 30):
“Since 1998, voters have approved approximately $44 billion in statewide general obligation bonds to construct or renovate public school classrooms used by the state’s roughly six million K-12 students. Associated General Fund debt services costs are over $2 billion annually. In addition to general obligation bonds, school districts may use developer fees, local bonds, certificates of participation, and Mello Roos bonds to construct additional classrooms or renovate existing classrooms.