California to spend $2.75B on green retrofits for schools, public buildings

California voters last month passed Proposition 39, a measure that devotes $550 million a year until 2018, a total of $2.75 billion, to fund green-improvement projects at schools and public buildings. Upgrades are aimed at energy efficiency and include weatherization, replacement of leaking windows, and adding insulation.
Dec. 5, 2012

California voters last month passed Proposition 39, a measure that devotes $550 million a year until 2018, a total of $2.75 billion, to fund green-improvement projects at schools and public buildings. Upgrades are aimed at energy efficiency and include weatherization, replacement of leaking windows, and adding insulation.

The funding will come from the closing of a tax loophole on out-of-state corporations that will generate $1.1 billion a year. The green retrofit spending will dwarf anything that California or any other state has ever spent on energy efficiency for public buildings.

(http://www.mercurynews.com/science/ci_22102553/tidal-wave-money-coming-make-california-schools-greener.html)

About the Author

Drew Ballensky

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University. Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.
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