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California Schools Reap Dollars from Prop 39

CaliforniaCalifornia schools are gearing up to make energy efficiency improvements with money allocated from Proposition 39, and the onslaught of projects may be a boon to companies involved in energy efficiency retrofits.

Proposition 39 was passed in November 2012 to close a corporate tax loophole that benefited out-of-state corporations. It will generate about $1 billion annually for California with half of the money going to the general fund and half toward measures designed to save energy at schools. The energy efficiency funds will be available for five years.

Read more at Energy Manager Today.

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