How are we doing so much building on campus when we are experiencing budget cuts? Where does that money come from?
Funding for academic buildings currently under construction (i.e., Chaparral Hall, and much of the Valley Performing Arts Center project) was provided by general obligation bonds approved in previous years. Such funding was most recently acquired through passage of Proposition 1D, the Kindergarten-University Public Education Facilities Bond Act of 2006, which voters approved in the November 2006 election. The Valley Performing Arts Center construction is also funded by gifts from donors. Some construction projects are funded by specific campus revenues allocated for that purpose. Our new student housing and parking structure construction projects are funded through bond financing previously approved, with bond repayment funded, respectively, by ongoing housing rental revenue and parking fees. In spring 2007, students passed a referendum approving increases to University Student Union fees to fund a new Student Recreation Center. (Design of the new Student Recreation Center began in ear
