LA's $7,000,000,000 School Bond

LA Times:

The Los Angeles Unified School District's Board of Education voted on Aug. 1 to put a $7 billion school bond on the Nov. 4 ballot. That's more than twice the amount the school board was mulling just two weeks earlier. The size of the bond may have jumped because polling showed voters would approve it, and because the Community College District trustees voted the previous week to put a $3.2 billion bond on the same ballot.

But the board may have overreached. About $2 billion of the bond is not yet allocated to any particular project. That lack of specificity may run afoul of the California constitutional amendment that allows school bonds to pass with just a 55% vote, rather than the two-thirds needed for other local bonds. The larger number may also be more of a reflection of bargaining with charter schools over funding and backing for the bond, and Mayor Antonio Villaraigosa's desire to demonstrate progress on improving schools, than actual need.

Posted by Jim Zellmer at August 13, 2008 5:33 AM
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