Strategic Growth Plan - Bond Accountability

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DGS: Office of Public School Construction: Proposition 55 (Mar. 2004) Summary

Proposition 55
The passage of Proposition 55, the Kindergarten-University Public Education Facilities Bond Act of 2004, in March 2004 provided an additional $10.0 billion in general obligation bonds for the construction and renovation of K12 school facilities. These funds are made available through the School Facility Program, and continue to assisting school districts with overcrowding, accommodating future enrollment growth and repairing and modernization older facilities.

Mission Statement
As staff to the State Allocation Board, the Office of Public School Construction facilitates the processing of school applications and makes funding available to qualifying school districts. These actions enable school districts to build safe and adequate school facilities for their children in an expeditious and cost-effective manner.

The following chart summarizes the K-12 facilities funding provided in Proposition 55 as of June 3, 2021:

Program Amount Authorized Amount Committed Balance
  New Construction New Construction tooltip  $4,965,800,000  $4,965,343,237  $456,763
  Modernization Modernization tooltip  $2,250,000,000  $2,249,998,156  $1,844
  Critically Overcrowded Schools Critically Overcrowded Schools tooltip  $2,440,000,000  $2,436,096,519  $3,903,481
  Charter School Charter School tooltip  $300,000,000  $281,348,983  $18,651,017 Charter: Balance tooltip
  Joint Use Joint Use tooltip  $66,700,000  $66,700,000  $0
Total:  $10,022,500,000  $9,999,486,895  $23,013,105

Proposition 55 Funding Highlights
Total Amount Authorized  $10,022,500,000  
Total Amount Funded  $9,999,486,895  
Total Remaining Balance    $23,013,105
Statewide Cost  $231,722  
Administrative Cost  $133,928,457  
Total Statewide & Administrative Cost    $134,160,179 Total Statewide & Administrative Cost tooltip

SFP Status of Funds
For a more thorough breakdown of the current state of the School Facility Program's funding, please refer to the SFP Status of Funds.

Program Accomplishments
The statewide bond funds provided under the School Facility Program represent tremendous accomplishments benefitting the students of California.


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