This content was originally published by Keygent Managing Member, Chet Wang.
California K-14 districts can elect to have their bonds approved under proposition 39 or Proposition 46. Following are the major differences between the two election types:
Board Approval Threshold
Statewide primary, general, special, or regularly scheduled local elections
Use of Bond Proceeds
Construction, reconstruction, rehabilitation or replacement of school facilities
Furnishings and equipment
Acquisition or lease of real property
Acquisition or improvement of real property only
No furnishings or equipment
Citizens’ Oversight Committee
Annual Tax Rate Limits per $100,000 of AV
$60 for unified school districts
$30 for elementary and high school districts
$25 for community college districts
Selecting Proposition 39 or Proposition 46 for a bond election could be a political, facility-related, financial, or timing decision, among others.
For example, if a 5-member board only has 3 approving members, then a Prop 39 bond could not move forward and Prop 46 would be an option. This is because Prop 39 requires at least 2/3 board-member approval.
If technology and equipment were required projects, then Prop 39 allows this while Prop 46 does not.