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School bonds & taxes (Part 1)
County website evals.
We’re half-way through the new year and already $6 billion in local school bonds have appeared at the ballot box. Of the hundreds of measures that made their way to the ballot, local voters approved an estimated $4 billion in school bonds.
As a comparison, for the whole year of 2011 school bond money totaled about $8 billion and nearly $3 billion of it was approved by voters.
This month, Ballotpedia takes a closer look at school bond measures that appeared on ballots in California, Illinois, Michigan, Missouri, Ohio, Oregon, Texas, Washington and Wisconsin. Specifically, Ballotpedia analyzed measures that appeared on the ballot between January-July 2012.
In total, 258 bond issues appeared on ballots. Voters approved 159 measures (61.6%).
The amount of bond money that was voted on varied largely by state. California had the most money up for grabs with a total of around $2.3 billion; of which $1.83 billion was approved.
The approval rate for the state of California stands at 80% for the first 6 months of the year. In 2011, California had a 41% approval rating for the entire year (12 months).
On the other end of the spectrum, Oregon had the least amount of bond money on the ballot – $129 million. Voters approved $89 million.
Though Oregon had the least amount of bond money on the ballot, the state of Illinois featured the lowest approval rating for bond proposals. Illinois had a total of $156 million up for vote, but only $18.9 million was approved by voters.
Stay tuned next week for a closer look at school property tax approval rates.
The table below breaks down (by state) exactly how much money was approved or defeated in January-July 2012.
Winning percentage above 70% Winning percentage below 50%