California Proposition 16 (2000)
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California Proposition 16 appeared on the March 7, 2000 ballot in California. It passed, with 62.3% of voters in favor.
The ballot measure was a legislative referral, placed on the ballot by the California State Legislature.
Ballot language
The summary of the ballot measure prepared by the California Attorney General read:
- This proposition would allow the state to sell $50 million in general obligation bonds to (1) replace $24 million in currently authorized lease-payment bonds for new veterans' homes and (2) provide $26 million in additional bonds for new or existing veterans' homes. This would result in a net state cost of about $33 million over 25 years, with costs of around $1 million per year.
- Funds from this bond shall be allocated to fund the state's matching requirement to construct or renovate those veterans' homes in Military and Veterans Code section 1011 first, and then fund any additional homes established under this Act.
- Appropriates money from General Fund to pay off bonds.
Fiscal impact estimate
The California Legislative Analyst's Office provided an estimate of net state and local government fiscal impact for Proposition 16. That estimate was:
- Net state cost of about $33 million over 25 years to pay off $26 million in additional bonds. The average cost would be around $1 million per year.
Campaign spending
$23,138 was spent in favor of the measure, while there was no opposition campaign.
Path to the ballot
Proposition 16 was voted onto the ballot by the California State Legislature via Senate Bill 630 of the 1999-2000 Regular Session (Chapter 728, Statutes of 1999).
- The vote to put it on the ballot in the California State Assembly was 76 affirmative votes and 4 negative votes.
- The vote in the California State Senate was 32 "yes" and 0 "no."
See also
External links
- Official Voter Guide to Proposition 16
- Full text of Proposition 16
- Smart Voter on Proposition 16
- Cal Voter on Prop 16
- Top Ten contributors
