SACRAMENTO, CA (MPG) - The California Business Roundtable Board of Directors has unanimously supported Proposition 13, the $15 billion School and College Facilities Bond on the March 2020 ballot.

Rob Lapsley, CBRT President, issued the following statement in response to the board’s vote:

“CBRT has consistently supported school construction bonds and has unanimously voted to support Prop. 13 on the March 2020 ballot. This bond will provide critical funding for aging buildings, invest in new housing for affordable student housing and provide new dollars for Career Technical Education facilities. In order to keep California students and schools competitive and provide the skilled and trained workforce our economy needs, we must make these critical investments that will help provide a safe, clean and modern learning environment for California students.

“School construction bonds have a proven history of accountability and strong oversight. Once again, this bond has clear transparency and metrics, giving taxpayers peace of mind that these new dollars will be spent on the projects that need funding most.

“Without Prop. 13, housing costs will increase, denying even more Californians access to affordable housing options and driving up the cost of living even higher. If Prop. 13 does not pass, Level III impact fees will automatically be enacted, directly increasing the cost of housing. Prop. 13 is a win-win for the education and housing communities—we can invest in the future of education without driving up the cost of affordable housing. The CBRT Board of Directors strongly encourages all Californians to support Prop. 13 when it appears on the March 2020 ballot.”