Title: Facility repair, construction and modernization at public Preschools, K-12 schools, Community Colleges, Universities

This is NOT nor will this affect Proposition 13 of 1978.
This is a *NEW* SCHOOL BOND for $15 Billion
- $9B for K-12 Public Schools
- $6B for Community College, CSU, UC
$11B in interest (75% of borrowed value!)
Taxpayers pay back:
- $26B = $15B principle + $11B interest (Taxpayers will pay back $740M each year for 35 yrs)
- Our children and grandchildren will be paying this debt!

Hidden provision in this bill.
- Allows school districts to double the amount of money they can borrow.
- When schools apply for this bond money, they must also provide matching funds
  - Schools typically raise their local share by Issuing Local Bonds.
  - Schools also raise local funds from Developer Fees.
- When schools issue bonds, the debt is repaid exclusively by PROPERTY TAXES.
- Property taxes are not paid only by property owners but also by renters and all taxpayers.

Past “Voter approved Bonds”:
- From 1998 - 2016, voters approved 5 education facility bond measures.
  - A total of $53 Billion in state bond funding
  - In 2016, voters approved $9 Billion. Where is that money?

The State has $21B in reserves
- Let’s focus on long term, well–thought out solutions to help our children and grandchildren succeed!

VOTE NO ON PROPOSITION 13

Posted · December 17, 2019 8:42 PM

President of the United States

Dale Mensing

US Congress, California's 2nd District

California State Assembly, District 2

Prop 14 - NO
Authorizes Bonds Continuing Stem Cell Research

Prop 15 - NO
Increases funding source for public schools and community college and local government services by changing tax assessment of commercial and industrial property (Spit Roll)

Prop 16 - NO
Allows Diversity as a factor of employment, education and contracting decisions (description: Repeal Prop 209, Affirmative Action Amendment)

Prop 17 - NO

Prop 18 - NO

Prop 19 - NO

Changes certain property tax rules.

Prop 20 - YES

Prop 21 - NO

Prop 22 - YES

Prop 23 - NO

Prop 24 - NO

Amends consumer privacy laws.

Prop 25 - NO

	Frank Magarino DNUSD Board of Trustee - District 3
	L ori Cowan Del Norte County Board of Supervisors, District 2*
	Jason Greenough Crescent City - City Council*
	Herman Rinkel Crescent City - City Council*
	Alex Campbell Crescent City - City Council*