Proposition 2 proposes a $10 billion bond to fund essential repairs and upgrades in California's K-12 schools and community colleges, addressing critical facility needs.
Endorsed by both Democratic and Republican parties, Proposition 2 aims to allocate $8.5 billion for school renovations and new construction, focusing on supporting smaller districts.
Currently, many districts await funds for urgent repairs, including addressing hazardous mold and replacing aging infrastructure, seeking a total of $3.4 billion.
Repayment of the bond would require about $500 million annually for 35 years, ultimately costing approximately 10% more than upfront payments due to interest.
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