Gov. Newsom, lawmakers strike deal on $15 billion education construction bond

Jeffrey Vincent, co-author of a report on school construction financing for Getting Down to Facts II, a PACE and Stanford University research project, told EdSource that the new funding formula for a $15 billion school facilities bond slated for the March 2020 ballot is a “much-needed first step” toward giving low-property wealth districts a fair share of the money, but doesn’t go far enough. Research by Vincent, co-director of the Center for Cities + Schools at UC Berkeley, and Eric Brunner, an economics professor at the University of Connecticut, found inequities in school construction funding based on districts’ property values. The revised bond measure gives greater weight in distributing the funds to small and lower-wealth districts.

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