60A Surplus Property
Constitutional Amendment

When the state has land or buildings it no longer needs, it can sell this “surplus property.” The money usually goes into the state’s General Fund and can pay for any state program.
 

Direct all money from selling state property towards paying off Prop 57 bonds. These bonds were approved by voters in March 2004 to pay for past state deficits. Once the Prop 57 bonds are paid off, sales of state property would go into the General Fund.
 

Paying the bonds off sooner could save millions of dollars by lowering interest.
 

Arguments for Prop 60A:		Arguments against Prop 60A:
Prop 60A will save the state money by paying off bonds faster.		Prop 60A does not require the state to sell the extra property, so the savings may not happen.