As part of KQED's Election 2016 coverage, we'll discuss California's Proposition 53. The measure would require voter approval for any public works project using more than $2 billion in revenue bonds, which are repaid with funds generated by the project. Currently, voter approval is only needed for general obligation bonds, which are repaid from general tax money. Proponents say Proposition 53 safeguards against bureaucrats running up state debt for pet projects. Opponents say the measure would make it even harder to achieve much-needed infrastructure improvements in California.
Marisa Lagos, reporter, KQED's California Politics and Government Desk
Jon Coupal, spokesperson, Yes on 53; president, Howard Jarvis Taxpayers Association
Loren Kaye, spokesperson, No on 53; president, California Foundation for Commerce and Education