$25 Billion in School Bonds Headed for Ballot

Gov. Gray Davis signed legislation Friday opening the way for a statewide vote in November on a $13.05-billion school construction bond measure, followed by a second, $12.3-billion bond measure on the 2004 primary election ballot.

If voters approve the measures, the state would sell $21.4 billion in bonds to finance construction at new and existing elementary, middle and high school campuses, plus $4 billion for state universities and colleges. The bond measure includes $400 million for charter schools and $651 million in bonds that don’t require voter approval.