Proposition 4: Children’s Hospital Bond Act of 2018

Position: No

Authorizes Bonds Funding Construction at Hospitals Providing Children’s Health Care. Initiative Statute

Children’s Hospital Bond Act; authorizes $1.5 billion, to be repaid by the state’s General Funds, for the construction, renovation and equipping of children’s hospitals in California.

The Libertarian Party of California recommends a “No” vote on Proposition 4.

Although the operators of 13 pediatric hospitals in California contend they need infrastructure investment to keep up with the demand for specialized procedures they offer to children with life-threatening conditions, this measure will add another $1.5 billion to the state’s unsustainable debt and would add an addition $80 million in interest to be paid over the next 35 years. In addition, although the children’s hospitals and medical facilities that would benefit from this money are non-profit organizations, the combined net income of the 13 hospitals is $276 million with over $4.6 billion in net assets which could easily be used for the necessary improvements