Community College

Facility Coalition

Updated November 7, 2008

 

Updated November 10, 2008

Community College Facility Coalition

Legislative Update — March 21, 2002 — 1 Page

CCFC Phone 916.446.3042 — Website: www.caccfc.org

CONFERENCE COMMITTEE FINALIZES BOND PACKAGE — The Legislative Conference Committee on the Education Bond for the November 2002 General Election completed its action and presented its conference report yesterday. It was expected to be voted upon on the Assembly and Senate Floors today, but the Senate adjourned for their spring recess without taking action.

The measure in its current form is a nice triumph for the community colleges. While the committee had focused a great deal of its attention on K-12 during its public meetings, the higher education portion had been little discussed. The report, as presented will look very attractive to community colleges, if it stays intact after the recess. Specific provisions of the bill (AB 16 — Hertzberg) are as follows:

 

2002 GO Bond Revenue Bond Total
K-12  $ 11.4 Billion    
       
HIGHER EDUCATION      
University of California $ 408.216 million $279 million $ 687 million
California State University 495.932 million 191 million 687 million
Community Colleges 745.853 million 171 million 917 million
Subtotal Higher Education $1.65 billion $641 million $ 2.29 billion
TOTAL for 2002 $13.05 billion    
       
2004      
K-12 $10.0 billion    
       
HIGHER EDUCATION      
University of California $ 690 million    
California State University 690 million    
Community Colleges 920 million    
Subtotal Higher Education $2.3 billion    
TOTAL for 2004 $12.3 billion    
GRAND TOTAL $25.35 billion    

 

For the first time higher education funds are not split in the traditional 1/3 for each sector manner. The proposed allocations are 30% each for UC and CSU and 40% for the community colleges from all sources. This is a historic change in allocations, which apparently is in recognition that the community colleges serve nearly twice as many students as the other two sectors combined. The remaining question is "Will the revenue bond amortization costs be a burden on Proposition 98 funds, or the State General Fund.

For more information, contact Paul Holmes or Shannon Mahoney.

1130 K Street, Suite 210, Sacramento, California   95814

Voice: 916.446.3042 --  Fax: 916.441.3893