Dive Brief:
- California voters will not see a proposal for a $4.3 billion bond issue for school construction on their ballots when they go to the polls in November.
- The state Legislature left the proposal in limbo after Gov. Jerry Brown told voters the ballot would be too crowded with a school bond and a water bond in the parched state.
- The move disappointed the construction industry, which had lobbied for the school bond, and it leaves the state with $143 million in a fund to contribute to school construction.
Dive Insight:
Paying for a school building in California is a mix of state and local bond borrowing, as well as fees on developers. Proponents of getting the school bond authorization onto the ballot this year say the cost of building a house might jump as much as $10,000 if school districts impose fees on developers to make up for missing state money.