Proposition 2 would authorize the state to issue $10 billion in bonds with $8.5 billion dedicated to elementary and secondary educational facilities and $1.5 billion for community college facilities. If approved, the proposition will make changes to the formula used to determine the amount each district is required to contribute to be eligible to receive state funding from the bond revenue. It would also require the state government to cover between 50 and 55% of construction project costs and 60 and 65% of modernization project costs.
The post On Your November Ballot: Prop 2 Seeks to Modernize Public Education Facilities first appeared on Post News Group.
