Yahoo News Your guide to Proposition 5: Making it easier to pass local housing, road bonds
For the record:
1:51 p.m. Oct. 3, 2024: An earlier version of this article said that the existing two-thirds voter threshold for local bond approval was due to Proposition 13 in 1978. The threshold has been in the state Constitution since 1879.
Proposition 5 aims to make it easier to pass local bond measures for affordable housing, transportation, parks and other infrastructure.
What will the measure do?
Currently, most local bond proposals require a two-thirds vote of the public to be approved. If voters pass Proposition 5, this threshold will be lowered to 55% for bonds supporting low-income housing, road and transit expansions, parks, wildfire resilience and other public infrastructure projects.
The existing supermajority requirement for local bond approval was written into California’s Constitution in 1879.
Because of a prior ballot measure, the threshold for approval for local school construction bonds already has been lowered to 55%.
If Proposition 5 passes, it would affect all future local bond campaigns covered by the measure, including those concurrently on the November ballot.
Who are the supporters?
Backers of Proposition 5 include labor, affordable housing and local government interests among others. Principal supporters are labor groups representing firefighters and construction workers. These organizations contend that it should be easier for voters to approve government financing for needed housing and other public projects.
Who are the opponents?
Opponents include an array of business and taxpayer groups, including the Howard Jarvis Taxpayers Assn. They argue that Proposition 5 will erode taxpayer protections against government spending and result in higher taxes.
How much money has been raised?
The California Business Roundtable has contributed more than $1.5 million in opposition. The Homeownership for Families committee is opposing this measure and Proposition 33, so contributions are shown in both. The committee is sponsored by the California Assn. of Realtors which has contributed $22 million in opposition.
The Chan Zuckerberg Initiative and the Non-Profit Housing Association of Northern California have each contributed $2.5 million in support.
Read more: Track the money for Prop 5: Contributions for and against housing and infrastructure bonds
Why is this on the ballot?
California legislators put Proposition 5 on the ballot themselves. Initially, a broader version of Proposition 5 was planned. But in late June lawmakers amended the measure to eliminate a provision that would have also lowered the threshold to pass local tax increases designated for a specific purpose from two-thirds to 55%. Legislators cited concern about whether voters would support that change, and narrowed Proposition 5 to its current language.
More election news
This story originally appeared in Los Angeles Times.
