SACRAMENTO (CBS13) — A bond measure aimed at helping construct, expand and renovate hospitals that treat children is the last of three bond measures on the California ballot this year.
Proposition 4 was placed on the ballot by petition signatures and would create $1.5 billion in funds through bond sales.READ MORE: 3 More Dead Gray Whales Spotted In San Francisco Bay Area
PROPOSITION 4 FAST FACTS
WHAT YOUR VOTE MEANS
- A YES vote on this measure means: The state could sell $1.5 billion in general obligation bonds for the construction, expansion, renovation, and equipping of certain hospitals that treat children.
- A NO vote on this measure means: The state could not sell the $1.5 billion in general obligation bonds proposed for these purposes.
FISCAL IMPACTREAD MORE: Community Concerned For Elderly Female Hostage Held in San Andreas Shooting
- Increased state costs to repay bonds averaging about $80 million annually over the next 35 years.
- Authorized new borrowing: $1.5 billion
- Average annual cost to repay: $80 million
- Likely repayment period: 35 years
- Source of repayment: General tax revenue
- Ballot impact data and vote text from the California Legislative Analyst’s Office
Funds would go to three purposes
- 18 percent would go to grants available to five UC children’s hospitals, including UC Davis.
- 72 percent would go to grants for other children’s’ hospitals.
- 10 percent would go to hospitals that provide pediatric hospitals to children eligible for the California Children’s Services Program.
The $1.5 billion bond would be repaid at a rate of $80 million a year for 35 years.
Projects that receive funds from this would have to be completed in a “reasonable” period of time. Failure to do so could result in the beneficiary returning a part of all of the grant.MORE NEWS: Sacramento Police Officer Justin Shepard Arrested For Alleged Domestic Violence Incident
2018 CALIFORNIA BALLOT PROPOSITIONS
- PROPOSITION 1
Authorizes Bonds to Fund Specified Housing Assistance Programs. Legislative Statute.
- PROPOSITION 2
Authorizes Bonds to Fund Existing Housing Program for Individuals With Mental Illness. Legislative Statute.
- PROPOSITION 3
Authorizes Bonds to Fund Projects for Water Supply and Quality, Watershed, Fish, Wildlife, Water Conveyance, and Groundwater Sustainability and Storage. Initiative Statute.
- PROPOSITION 4
Authorizes Bonds Funding Construction at Hospitals Providing Children’s Health Care. Initiative Statute.
- PROPOSITION 5
Changes Requirements for Certain Property Owners to Transfer Their Property Tax Base to Replacement Property. Initiative Constitutional Amendment and Statute.
- PROPOSITION 6
Eliminates Certain Road Repair and Transportation Funding. Requires Certain Fuel Taxes and Vehicle Fees Be Approved by the Electorate. Initiative Constitutional Amendment.
- PROPOSITION 7
Conforms California Daylight Saving Time to Federal Law. Allows Legislature to Change Daylight Saving Time Period. Legislative Statute.
- PROPOSITION 8
Regulates Amounts Outpatient Kidney Dialysis Clinics Charge for Dialysis Treatment. Initiative Statute.
- PROPOSITION 9
Removed from the ballot
- PROPOSITION 10
Expands Local Governments’ Authority to Enact Rent Control on Residential Property. Initiative Statute.
- PROPOSITION 11
Requires Private-sector Emergency Ambulance Employees to Remain on-call During Work Breaks. Eliminates Certain Employer Liability. Initiative Statute.
- PROPOSITION 12
Establishes New Standards for Confinement of Specified Farm Animals; Bans Sale of Noncomplying Products. Initiative Statute.