What’s the Big Idea?
Should the state issue $1.5 billion in bonds to fund infrastructure improvements for children’s hospitals?
The Way It Is Now
Children’s hospitals are becoming specialized hubs within the state, and representatives say demand for their services is increasing. Patient payments go to treatment, not to capital projects. The hospitals must improve their infrastructure due to seismic requirements that will take effect in 2030. Money from previous children’s hospital bonds propositions have now been used or allocated to projects.
What If It Passes?
The state would be allowed to issue bonds to pay for infrastructure improvements at children’s hospitals. Most of the money would go to eight nonprofit children’s hospitals, with University of California children’s hospitals also receiving money. California taxpayers would be on the hook for a total of $2.9 billion to pay back the bond over 35 years.
Children’s hospitals treat the majority of infants and kids who need organ transplants, heart surgeries and cancer treatment, regardless of their ability to pay. This bond would help those hospitals meet earthquake safety requirements.
These bonds would need to be repaid with interest, increasing the state’s debt.
YES for Proposition 4