In the election guide printed in the Nov. 1 edition of Our Weekly, it was inadvertantly stated that California Proposition 4 refers to homeless veterns. Proposition 4 is a bond measure related to the state’s children’s hospitals. Please note the following correction prior to voting on Nov. 6:
California Proposition 4, the Children’s Hospital Bonds Initiative, is on the ballot for the Nov. 6 mid-term election.
A yes vote supports authorizing $1.5 billion in bonds for the construction, expansion, renovation, and equipping of children’s hospitals in California.
A no vote opposes authorizing $1.5 billion in bonds for the construction, expansion, renovation, and equipping of children’s hospitals in California.
Proposition 4 would authorize $1.5 billion in general obligation bonds to provide for the Children’s Hospital Bond Act Fund. The fund would be used to award grants to children’s hospitals for construction, expansion, renovation, and equipment projects. The initiative would allocate the $1.5 billion in bond funds as follows:
72 percent ($1.08 billion) to eight nonprofit hospitals providing comprehensive services to high volumes of children eligible for governmental programs and children with special health needs eligible for California Children’s Services.
18 percent ($270 million) to five University of California general acute hospitals, including the University of California, Davis Children’s Hospital; Mattel Children’s Hospital at University of California, Los Angeles; University Children’s Hospital at University of California, Irvine; University of California, San Francisco Children’s Hospital; and University of California, San Diego Children’s Hospital.
10 percent ($150 million) to public and private hospitals that provide pediatric services to children eligible for California Children’s Services.
The state’s legislative analyst estimated that interest on the bond would be $1.4 billion over 35 years, bringing the total cost of the bond to $2.9 billion.