CA AB2429

Increases the bond issuance limit for school districts and community college districts from 1.25% to 2% of taxable property under Section 15102 and Section 15268

Increases the aggregate bond issuance limit for unified school districts and community college districts from 2.5% to 4% of taxable property under Sections 15106 and 15270

Maintains existing tax rate limitations: $30 per $100,000 of taxable property for basic bond measures and $60 per $100,000 for unified school districts issuing additional bonds

Applies the same 4% aggregate limit to community college districts issuing bonds under Section 15270(b), with a tax rate cap of $25 per $100,000 of taxable property

Removes provisions regarding taxable property calculations that excluded business inventory exemptions and homeowner property tax exemptions