CASH is asking the Legislature to increase the size of FY 2018-19 State school bond sales to $3 billion.
We need all CASH members to contact their State Assembly Member and State Senator and request they increase the 2018-19 Proposition 51 bond sales to fund $3.0 billion in school facility projects awaiting action by the State Allocation Board. To find your State Assembly Member and State Senator, please click here.
The Governor is proposing to sell $640 million in state school bonds for School Facility Program projects funded between July 1, 2018 through June 30, 2019, (i.e. FY 2018-19). This amount is inadequate to meet the needs of school districts and county offices of education, which have submitted projects worth over $3.2 billion to the Office of Public School Construction (OPSC).
Under existing law, school districts that participate in New Construction and Modernization programs are required to set aside at least 3% of their annual general fund budget for routine maintenance, for 20 years after receiving state funds. Under Budget Flexibility commencing in 2008-09, this requirement was suspended, but is set to return in 2015-16. Predictably, the result was that school maintenance budgets were the first to be cut and the last to be restored, if they have been restored at all. The Governor’s 2015-16 January State Budget and Proposed May Revision both include the return of the RRMA contribution in 2015-16. Continue reading →