Why It Matters: How Proposition 5 would impact local cities like San Diego
In our next Why It Matters segment, we explain another proposition on the ballot.
Several ballot measures have gotten most of the attention in California the last few weeks. But one of them, Proposition 5, is flying under the radar. But Prop. 5 has more potential to reshape cities than any other proposition.
Prop. 5 would amend the California constitution by lowering the required threshold to 55% for any borrowing to fund affordable housing construction, down payment assistance programs and a host of “public infrastructure” projects, including those for water management, local hospitals and police stations, broadband networks and parks.
Several ballot measures have gotten most of the attention in California the last few weeks. But one of them, Proposition 5, is flying under the radar. But Prop. 5 has more potential to reshape cities than any other proposition.
Prop. 5 would amend the California constitution by lowering the required threshold to 55% for any borrowing to fund affordable housing construction, down payment assistance programs and a host of “public infrastructure” projects, including those for water management, local hospitals and police stations, broadband networks and parks.
