Given the magnitude of the need, the state General Fund is not a viable source of support for capital projects, whether for public education or other public entities.
In addition, 4 projects which would bring university facilities in compliance with the federal Americans with Disabilities Act would also be funded.
[We anticipate CSUN's share to be between $250,000-$350,000 for these projects.]
The cost per person per year has been estimated at $6.40--or less than the price of a movie ticket. Voters must weigh the consequences of increasing the state's bond indebtedness against the physical decline of its public educational system. Voters approving this Bond Act will be making an investment in the state's future.
Governor Pete Wilson
California Association of Realtors
California Business Roundtable
California Chamber of Commerce
California Faculty Association
California Labor Federation AFL-CIO
California Manufacturers Association
California School Boards Association
California State PTA
California Taxpayers Association
California Teachers Association
Congress of California Seniors
League of Women Voters
Los Angeles Area Chamber of Commerce
Rainbow Coalition
Richard Atkinson, President, Univ. of California
Delaine Eastin, State Superint. of Public Instruction
David Mertes, Chancellor, Calif. Community Colleges
Barry Munitz, Chancellor, California State University
Economists believe that a prudent debt ceiling should not exceed 5% of the state's General Fund revenues. California's current debt ceiling is at 5.1%. We can't afford Proposition 203, which will raise taxes and government spending.
2/20/96