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THE QUESTIONShould the state borrow $350 million through the sale of general obligation bonds to provide 65% of costs of projects for constructing and renovating local public libraries?
THE SITUATIONPublic libraries are generally built and operated by cities, counties, and special districts. A similar measure for $75 million, the California Library Construction and Renovation Bond Act of 1988, funded 24 projects. The funds from that measure are mostly spent. A California State Library survey in 1998 estimated that $2 billion is needed for 425 statewide library projects over the next six years. Projects would include technological upgrading, seismic retrofitting and structural repairs, and expansion of facilities to keep pace with population growth. The funds from Proposition 14 would meet a portion of those needs.
THE PROPOSALProposition 14 would:
FISCAL EFFECTThe total cost to the state’s General Fund is estimated to be $600 million over 25 years, according to the Legislative Analyst. Local agencies would contribute 35% matching funds. After a project’s completion, the additional annual operating costs could range from several million to more than $10 million for the local agency, depending on the size of the project.
SUPPORTERS SAY
OPPONENTS SAY
For more information:
(Analysis prepared by the League of Women Voters of California Education Fund Last updated: January 18, 2000 Send comments and suggestions concerning the content of this page to lwvcprocon@hotmail.com. Send comments concerning the format or usability of this page to cmwatts@ibm.net Copyright 2000 League of Women Voters of California Education Fund. This page may be linked to or printed in its entirety. |