Cal State Fullerton Has $50 Million
Riding on Proposition 55
February 24, 2004 :: No. 161
Among the bond measures on the statewide March
2 ballot is one that ’s slated to bring more than $50 million
to Cal State Fullerton.
Proposition 55, the Kindergarten-University Education
Facilities Bond Act of 2004, includes funding for two major campus
projects — $47.4 million to construct a College of Business
and Economics building, plus $3.5 million to furnish and equip a
new Performing Arts Center, currently under construction.
If the bond is approved by voters, the overall economic
impact for Orange County would be significant, according to Anil
Puri, dean of the university’s College of Business and Economics
and co-director of the Institute for Economic and Environmental
Studies. His projections indicate that the bond would generate $1.6
billion in economic activity for Orange County, creating 11,000
new jobs and generating $574 million in wages.
These projections are based upon the hundreds of construction
and renovation projects that would be launched countywide, if the
bond passes. Most of the Proposition 55 bond money is earmarked
for K-12 projects, including $973 million to repair and enhance
College of Business and Economics
At Cal State Fullerton, the College
of Business and Economics is the largest in the state, with
nearly 1,500 graduate and undergraduate majors receiving degrees
each year. A building for the college, which is currently housed
in various locations on campus, would have dedicated space for centers
of learning, state-of-the-art classrooms, interactive technology,
faculty offices and multimedia lecture halls.
“The new building will help us provide world-class
education for the future employees and entrepreneurs of Orange County,
as well as the surrounding communities,” said Puri. “Our
nationally accredited college needs a new building to accommodate
the growing number of qualified students seeking higher education.”
new building will help us provide world-class education for
the future employees and entrepreneurs of Orange County, as
well as the surrounding communities.”
Anil Puri, Dean of College of Business and Economics
Performing Arts Center
For the university’s new Performing Arts Center, the bond
measure will provide funds for the purchase of stage lighting and
audio systems, computer and specialized equipment, dance studio
sound and video systems, as well as other needed equipment.
In total, Proposition 55 would provide $12.3 billion
for the state’s educational systems in 2004-05 and 2005-06,
including $9.9 billion for K-12, $920 million for the California
Community Colleges, and $690 million each for the University of
California and the California State University. Throughout the state,
classrooms in elementary and high schools, community colleges and
universities would be built, renovated and repaired.
The measure, which requires a simple majority to pass,
would authorize the sale of statewide general obligation bonds to
fund repairs and new construction of classrooms and laboratories,
earthquake retrofits and technology upgrades. Repayment of the bonds
is guaranteed by the state of California and would be completed
over 30 years.
Various business, civic and education groups support
Proposition 55, including the Orange County Business Council, the
Fullerton Chamber of Commerce, Brea Chamber of Commerce and California
Taxpayers Association, along with the California State PTA and California
Although there is no organized campaign against Proposition
55, opponents have filed statements against the measure with the
Office of the Secretary of State. Opponents recognize the need to
fund education projects but argue that indebtedness is not the right
way to fund classroom construction.
Additional information is available on the website of the Office
of the California Secretary of State at www.SS.CA.gov.
Media Contact: Valerie Orleans, Public Affairs,
657-278-4540 or email@example.com
« back to University News