Proposition 5
Should California reduce the vote threshold needed to pass certain local bonds for affordable housing and public infrastructure projects?
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Currently, any local bond measure on the ballot must be approved by a two-thirds supermajority of voters in order to pass. Proposition 5 would reduce that threshold to 55% for bonds that fund affordable housing or public infrastructure projects.
Yes Argument
By making it easier to win voter approval for issuing bonds, Proposition 5 will empower local governments to address immediate priorities without having to wait for state and federal funding. It will also level the playing field with school districts, which can pass bonds to fund school upgrades with only 55% of the vote.
No Argument
The amendment’s language around funding “infrastructure projects” is too vague and could apply to anything. Proposition 5 could allow for massive tax hikes, because bonds are paid for by increased property taxes. If Proposition 5 passes, politicians could pass bond measures more easily, further hiking taxes for property owners.
FundraisingCampaign finance data comes from the California Secretary of State’s office or the Federal Election Commission.
Source: California Secretary of State
Key Supporters
In Support
- AIDS Healthcare Foundation
- California Democratic Party
- California Professional Firefighters
- California State Building and Construction Trades Council
- California YIMBY
In Opposition
- California Association of Realtors
- California Chamber of Commerce
- Coalition of Sensible Taxpayers
- Howard Jarvis Taxpayers Association
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