What is it?

Currently, for local governments to borrow money, 66.67% of voters must vote yes.

Prop 5 lowers this threshold from 66.67% to 55% for local bonds. The revenue generated from a local bond must be used for housing assistance, affordable housing, or public infrastructure projects.

The purpose of this bill is to make it easier for local governments to raise funds through local special taxes by only requiring a 55% voter threshold of approval. We believe that the purpose of this bill is true to a democratic philosophy. It allows local governments to approve bonds supported by a majority, which ensures that the will of voters can be heard. Importantly, moving from a super majority to a majority also reduces the disproportionate power of a minority of voters to block initiatives that have substantial public support.

It has a bit of an odd structure. The proposition is a combination of two different constitutional amendments that are presented as a package to approve or deny together.

Why vote Yes?

Prop 5 makes it easier for local governments to invest in affordable housing and public infrastructure.

This amendment strengthens our democratic process by empowering a simple majority of voters to bring about meaningful change. It will ensure that local governments are responsive to the will of the people, and not hindered by special interests and outdated supermajority requirements.

Prop 5 will promote more affordable housing and better infrastructure in cities all across California. We believe that this bill will enable a more nimble policy environment that does not require constant concessions to a vocal minority of voters who may not approve of local special taxes that the majority do.