Proposition 5: Lower the Voting Threshold to Pass Some Local Bonds

Bay Curious

KQED

History, Society & Culture, Places & Travel

4.9 • 999 Ratings

🗓️ 26 September 2024

⏱️ 20 minutes

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Summary

Bonds are a way for state and local governments raise money for projects—things like schools, infrastructure, or transportation. In part 4 of our Prop Fest series, a collaboration between Bay Curious and The Bay, we talk about Proposition 5. Prop 5 would lower the voting threshold to pass local bonds from two-thirds (66.67%) down to 55%—but only for bonds related to affordable housing and public infrastructure projects. It sounds pretty straightforward, but as we find out from reporter Adhiti Bandlamudi, it could have wider implications for taxpayers. Additional Reading: Read a transcript of this episode Check out the KQED Voter Guide Sign up for our newsletter Enter our Sierra Nevada Brewing Company monthly trivia contest Your support makes KQED podcasts possible. You can show your love by going to https://kqed.org/donate/podcasts This story was reported by Adhiti Bandlamudi. Bay Curious is made by Olivia Allen-Price, Amanda Font, Christopher Beale, and Ana De Almeida Amaral. The Bay is made by Alan Montecillo, Ericka Cruz Guevarra and Jessica Kariisa. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Holly Kernan, and the whole KQED family.

Transcript

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0:00.0	Hey, I'm Bianca Taylor. I'm the host of KQED's new podcast, the latest. The latest from
0:06.6	KQED is something brand new, a daily news podcast that updates all day long. It's trusted local news in real time on your schedule
0:16.0	in 20 minutes or less.
0:18.0	And we'd love your help because you are public media.
0:21.0	We'd love to hear if it's working for you.
0:23.2	Listen to the latest from KQED wherever you get your podcasts and then email us your
0:27.9	thoughts at podcast at KQED.org.
0:31.2	From KQED.
0:33.2	Let's take a quick trip through some recent election results
0:39.5	for local bond measures around California, shall we?
0:43.0	2020, Measure A, San Diego, a $900 million bond for low-income substance abuse and mental health service housing.
0:55.0	Failed with 57% of voters in favor.
1:00.0	2022, Measure L, City of Berkeley, a 650 million dollar bond to fund housing and infrastructure.
1:09.0	Failed with 59% of voters in favor.
1:13.8	2022, Proposition A, San Francisco, a 400 million dollar bond
1:19.5	for transit improvements and repairs.
1:22.3	Failed, with 65% of voters in favor.
1:27.0	I'm noticing a trend.
1:29.0	Indeed.
1:30.0	California makes it difficult for local governments to borrow money.
1:34.0	They have to ask voters for permission and then get a super majority of votes,
1:38.0	that's two-thirds or 66.67%. That's meant a lot of local bond measures fail even when they have a lot of
	...

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