California Association of Bond Oversight CommitteesFor Effective Oversight
The Challenge and The Solution
The passage of the Proposition 39 school bond measured lowered the voting threshold from 2/3 to 55% but mandated that all Proposition 39 bond programs must be subject to independent citizen oversight.
In theory that requirement seems sound, but practical experience has shown that such oversight is often less than fully affected.
This problem was documented in the February 2017 California Little Hoover Commission report and several county grand jury reports.
It is clear that the main issue is inadequate training of newly formed citizen bond oversight committee (CBOC) members. Such training is typically provided by bond counsel, whose primary responsibility is to bond investors, rather than taxpayers and community.
State government has acknowledged the issue and has embraced a project to develop and deliver modern training modules, crafted to meet the needs of CBOC members and other stakeholders.
Our California Association of Bond Oversight Committees (CABOC), a California Nonprofit Public Benefit Corporation, mission is to implement this program, through a network of activists in each geographic area of the state.
Nothing in the public venue is more important than our students attending schools in safe and efficient facilities, but every tax dollar must be spent wisely; there are hundreds of billions at stake.
CABOC is recruiting community volunteers who will enjoy an unique opportunity to help shape and launch this critical venture as founding Board of Directors.
Will you join us in this effort?
Anton Jungherr and Jack Weir, Co-Founders