Oct 15, 2024
California voters will decide a statewide proposition this fall that would make it easier for governments to borrow money for affordable housing and local infrastructure projects by changing a voter-approval requirement that dates to the late 1800s.
Under current California law, local governments seeking bonds to pay for projects like parks, police and fire stations, and affordable housing need to ask voters for permission. They also need a supermajority of the vote.
But if voters approve a legislative constitutional amendment on the November ballot, that threshold would decrease from the current two-thirds, a vote requirement that was part of the 1879 California Constitution, to 55 percent.