Proposition 47 was a proposition in the state of California

California

California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

 on the November 5, 2002 ballot. The official title was "Kindergarten-University Public Education Facilities Bond Act of 2002." The proposition successfully passed with 4,138,826 (59.1%) votes in favor and 2,869,577 (40.9%) against. It was placed on the ballot by a vote of the state legislature on AB 16.

When put on the ballot, the question before voters was:

Official summary

The passing of California Proposition 47 would allow:

• $13,050,000,000 in general obligation bonds to:
  • Fund necessary education facilities to relieve overcrowding and to repair older schools. Funds will be targeted to areas of the greatest need and must be spent according to strict accountability measures.
  • Upgrade and build new classrooms in the California Community Colleges, the California State University
    California State University
    The California State University is a public university system in the state of California. It is one of three public higher education systems in the state, the other two being the University of California system and the California Community College system. It is incorporated as The Trustees of the...
    
    , and the University of California
    University of California
    The University of California is a public university system in the U.S. state of California. Under the California Master Plan for Higher Education, the University of California is a part of the state's three-tier public higher education system, which also includes the California State University...
    
    to provide adequate higher education facilities and to accommodate growing student enrollment. These bonds may be used only for eligible projects.

State and Local Government

The passing of California Proposition 47 resulted in a cost of about $26.2 billion over 30 years to pay off both the principal ($13.05 billion) and interest ($13.15 billion) costs on the bonds at a state level. This will consist of payments of about $873 million per year.

External links

• Voter Information Guide with text of Proposition 47