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Voters appeared to approve California Propositions 2 and 4, each authorizing $10 billion of bonds, for the environment and wildfire protection, respectively, while the Los Angeles Unified School District appears on pace to receive voter approval for $9 billion of bonds. San Diego Community College District voters appeared to approve $3.5 billion of bonds.
Voters were asked to consider at least $142.634 billion of bonds this year in 844 transactions, according to data compiled by Bond Buyer.
California leads the pack with more than half of the total under consideration — $69.858 billion in 262 deals. The state also boasts six of the largest bond referenda under consideration, led by two $10 billion referendums from the state and $9 billion from the Los Angeles Unified School District.
Texas comes in second with $37.582 billion across 227 bond referendums, followed by Colorado with $8.346 billion in 34 referendums.
Of the 34 states putting bond referendums up for consideration, New York is last with only one deal for $28.3 million from the Haldane Central School District, with the proceeds set to be used to fund a capital project improving safety and infrastructure throughout the district’s Cold Spring campus.
Charleston County, South Carolina, voters rejected a sales tax to fund transportation to raise $5.4 billion. Houton Independent School District voters turned down a $4.4 billion bond proposal.