College Board in Orange County Lets Unions Take Over Taxpayer Oversight

By Kevin Dayton
03/15/2016
Unions continue to undermine the independence and effectiveness of citizens bond oversight committees at California school and community college districts. In December 2015, the elected board of trustees for the Rancho Santiago Community College District voted 4-2 to reject an application from the President & CEO of the long-established Orange County Taxpayers Association to serve on...

TAGS: Proposition 39 (2000), Rancho Santiago Community College District

Will Citizens' Bond Oversight Committees Crumble Against Union Power?

By Kevin Dayton
11/05/2015
Numerous local K-12 school districts and community college districts throughout California have entangled themselves in controversies over facilities construction funded by borrowed money obtained through bond sales. These controversies include the irresponsible sale of Capital Appreciation Bonds, inappropriate expenditures using bond proceeds, and questionable contracts for bond underwriting, construction program management, and project delivery. There has even been overt...

TAGS: 55% Approval for Bond Measures, local bond measures, Project Labor Agreement, Project Labor Agreements, Proposition 39 (2000)

Community College Board in California Will Be Accountable to Voters

By Kevin Dayton
10/17/2015
The eastern suburbs of San Diego (“East County”) have been and are still regarded as politically conservative. But even this area isn’t impervious to the political movement in California toward European-style social democracy. Labor unions and their political allies have recently gained political control of an East County local government and are now exercising their power. Grossmont-Cuyamaca Community College District...

TAGS: Coalition for Fair Employment in Construction, Project Labor Agreement, Project Labor Agreements, Proposition 39 (2000), San Diego County Taxpayers Association

Unions Seek Control of Recent California School Bond Measures

By Kevin Dayton
08/11/2015
Has California school and community college facility construction become a perpetual government stimulus program for politically-favored construction trade unions? Fifteen years ago, it was obvious that many school and college districts in California needed new construction, modernization, or renovation of their facilities for the safety and comfort of students, teachers, administrators, and support staff. That’s...

TAGS: 55% Approval for Bond Measures, local bond measures, Project Labor Agreement, Project Labor Agreements, Proposition 39 (2000)

Quantifying and Explaining California’s Educational Construction Debt (Section 3 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9) More Borrowing for California Educational...

TAGS: California School Bond Measures, Prop 39 (2000), Proposition 39 (2000)

How California School and College Districts Acquire and Manage Debt (Section 4 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9)...

TAGS: Capital Appreciation Bonds, Prop 39 (2000), Proposition 39 (2000), Zero Coupon Bonds

The System Is Skewed to Pass Bond Measures (Section 7 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9) More Borrowing for California Educational...

TAGS: Prop 39 (2000), Proposition 39 (2000)

More Trouble with Bond Finance for Educational Construction (Section 8 of 9)

By Kevin Dayton
07/21/2015
See the complete California Policy Center report For the Kids: California Voters Must Become Wary of Borrowing Billions More from Wealthy Investors for Educational Construction (complete, printable PDF Version, 4 MB, 361 pages) Links to all sections of this study readable online: Executive Summary: “For the Kids” – Comprehensive Review of California School Bonds (1 of 9)...

TAGS: Capital Appreciation Bonds, Prop 39 (2000), Proposition 39 (2000), Zero Coupon Bonds

Unrecognized Legacy of Prop 39: $137 Billion in Payments Due for Money Already Borrowed and Spent

By Kevin Dayton
04/29/2015
How much debt has accumulated as the State of California and its local K-12 school and community college districts relentlessly borrow money for school construction by selling bonds to investors? No one seems to know. In April 2013, the California Policy Center published a report entitled Calculating California’s Total State and Local Government Debt, which attempted to...

TAGS: California Education Bond Measures, California School Bond Measures, Proposition 39 (2000)

How Much Have California Voters Recently Authorized to Borrow for School Construction?

By Kevin Dayton
04/22/2015
Next year California voters may be asked to authorize the State of California to borrow another $9 billion to help K-12 school and community college districts pay for more educational construction. This $9 billion would be obtained by selling bonds to investors and paying it back – with interest – over several decades using the...

TAGS: California School Bond Measures, Proposition 39 (2000)