California Proposition 55 (2004)
- California Proposition 55 (2004)
Proposition 55 was a proposition in the state of California on the March 2, 2004 ballot. It passed with 3,239,706 (50.9%) votes in favor and 3,130,921 (49.1%) against. The official title was "Kindergarten-University Public Education Facilities Bond Act of 2004". Its main feature was authorizing the sale of $12,300,000,000 in bonds intended to relieve overcrowding and to repair public education facilities from elementary school through universities.
See also: List of California ballot propositions 2000-present
Official summary
* This act provides for a bond issue of twelve billion three hundred million dollars ($12,300,000,000) to fund necessary education facilities to relieve overcrowding and to repair older schools.
* Funds will be targeted to areas of greatest need and must be spent according to strict accountability measures.
* Funds will also be used to upgrade and build new classrooms in the California Community Colleges, the California State University, and the University of California, to provide adequate higher education facilities to accommodate growing student enrollment.
* Appropriates money from General Fund to pay off bonds.
Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:
* State costs of about $24.7 billion to pay off both the principal ($12.3 billion) and interest ($12.4 billion) costs on the bonds. Payments of about $823 million per year.
External links
* [http://primary2004.ss.ca.gov/propositions/prop55-title.html Voter Information Guide with text of Proposition 55]
Wikimedia Foundation.
2010.
Look at other dictionaries:
California Proposition 1A (2004) — Proposition 1A was a proposition in the state of California on the November 2, 2004 ballot. The proposition successfully passed with 9,411,198 (83.7%) votes in favor and 1,840,002 (16.3%) against.The proposition is intended to protect revenues… … Wikipedia
California Proposition 64 (2004) — Proposition 64 was a proposition in the state of California on the November 2, 2004 ballot. It passed with 6,571,694 (59.0%) votes in favor and 4,578,725 (41.0%) against. It was an initiative statute that limits California s Unfair Competition… … Wikipedia
California Proposition 69 (2004) — California Proposition 69 was a successful 2004 California ballot proposition that allows for the collection of DNA samples from all felons and from people who have been arrested for certain crimes.… … Wikipedia
California Proposition 56 (2004) — Proposition 56 was a proposition in the U.S. state of California on the March 2, 2004 ballot. It failed to pass with 2,185,868 (34.3%) votes in favor and 4,183,188 (65.7%) against. It was intended to penalize politicians for every day that the… … Wikipedia
California Proposition 60A (2004) — Proposition 60A was a proposition in the state of California on the November 2, 2004 ballot. It passed with 7,776,374 (73.3%) votes in favor and 2,843,435 (26.7%) against. It was a legislative constitutional amendment intended to direct funds… … Wikipedia
California Proposition 57 (2004) — Proposition 57 was a proposition in the state of California on the March 2, 2004 ballot. It passed with 4,056,313 (63.4%) votes in favor and 2,348,910 (36.6%) against. It was officially called The Economic Recovery Bond Act . The proposition… … Wikipedia
California Proposition 60 (2004) — Proposition 60 was a proposition in the state of California on the November 2, 2004 ballot. It passed with 7,227,433 (67.6%) votes in favor and 3,478,774 (32.4%) against. It was a legislative constitutional amendment intended to codify in the… … Wikipedia
California Proposition 65 (2004) — Proposition 65 was a proposition in the state of California on the November 2, 2004 ballot. It failed to pass with 3,901,748 (37.6%) votes in favor and 6,471,506 (62.4%) against. It was a state constitutional amendment that would have required… … Wikipedia
California Proposition 58 (2004) — Proposition 58 was a proposition in the state of California on the March 2, 2004 ballot. It passed with 4,535,084 (71.2%) votes in favor and 1,841,138 (28.8%) against. It was officially called The California Balanced Budget Act . It forces state… … Wikipedia
California Proposition 62 (2004) — Proposition 62 was a proposition in the state of California on the November 2, 2004 ballot. It failed to pass with 5,119,155 (46.1%) votes in favor and 5,968,770 (53.9%) against.It was an initiative constitutional amendment and statute that… … Wikipedia
California Proposition 63 (2004) — Proposition 63 was a proposition in the state of California on the November 2, 2004 ballot. The ballot measure was officially known as the Mental Health Services Act . It passed with 6,191,691 (53.8%) votes in favor and 5,337,216 (46.2%) against … Wikipedia
