Yes. Measure 97 would increase the general fund, which is the biggest source of funding for the State School Fund, and the measure states that the money would fund education, health care and senior services; however, the Legislature would not be bound by those funding categories. They could allocate general funds at their discretion. If the measure passes, the Legislature would need to increase money to those three program areas in addition to -- rather than instead of -- the current funding levels. Even so, it would still likely not be enough of a funding boost to fund current educational program needs and large-scale capital projects as proposed in this bond.
Bond proceeds are only being used for costs associated with completing the projects listed on the ballot; not operating costs. If this measure hadn't passed, it would have been much more difficult for NCSD to address its issues with deferred maintenance, overcrowding, and needing to complete safety/security upgrades.
The state provides the largest source of funding for education. State funds are based on student enrollment, so when enrollment increases, NCSD receives more money from the state using a per student funding formula.