PROP
53

Revenue Bonds. Statewide Voter Approval. Initiative Constitutional Amendment.

Revenue Bonds. Statewide Voter Approval. Initiative Constitutional Amendment.

Summary

Requires statewide voter approval before any revenue bonds can be issued or sold by the state for certain projects if the bond amount exceeds $2 billion. Fiscal Impact: State and local fiscal effects are unknown and would depend on which projects are affected by the measure and what actions government agencies and voters take in response to the measure’s voting requirement.

Money Raised

Chart depicts total fundraising by all committees primarily formed for and against Prop 53.Totals are updated daily with contributions from Power Search opens new window and adjustments from the most recent Political Reform Division analysis. opens new window

Largest Contributions

Showing the 10 largest contributions to committees formed primarily for and against Prop 53 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search opens new window campaign finance search engine.

Yes on Prop 53

CORTOPASSI, DEAN A.
03/06/2015
$1,000,000
CORTOPASSI, DEAN A.
05/05/2015
$500,000
CORTOPASSI, JOAN
05/05/2015
$500,000
CORTOPASSI, DEAN A.
07/10/2015
$500,000
CORTOPASSI, JOAN
07/10/2015
$500,000
CORTOPASSI, DEAN A.
08/31/2015
$500,000
CORTOPASSI, JOAN
08/31/2015
$500,000
CORTOPASSI, DEAN A.
03/30/2016
$500,000
CORTOPASSI, DEAN A.
10/24/2016
$171,253
CORTOPASSI, DEAN A.
10/17/2016
$166,628

No on Prop 53

Brown for Governor 2014
10/14/2016
$2,400,000
Brown for Governor 2014
10/06/2016
$1,700,000
California Democratic Party
09/29/2016
$1,250,000
California Democratic Party
10/31/2016
$605,547
Members' Voice of the State Building and Construction Trades Council of California
10/27/2016
$550,000
Lytton Rancheria of California
10/12/2016
$500,000
Doerr, III, L. John
10/14/2016
$500,000
Laborers Pacific Southwest Regional Organizing Coalition - Issues PAC
10/14/2016
$500,000
San Manuel Band of Mission Indians
10/14/2016
$500,000
Perenchio and affiliated entities, A. Jerrold
10/20/2016
$500,000

What your vote means

Yes

A YES vote on this measure means: State revenue bonds totaling more than $2 billion for a project that is funded, owned, or managed by the state would require statewide voter approval.

No

A NO vote on this measure means: State revenue bonds could continue to be used without voter approval.

More on Proposition 53

For background on Proposition 53, an analysis by the legislative analyst, endorsements for and against the measure, and more...

Arguments

Pro

Proposition 53 requires voter approval for state megaprojects costing over $2 billion in state revenue bonds—like the bullet train. Doesn’t impact local projects. Increases transparency so taxpayers know the true cost. Holds politicians accountable and stops blank checks. If taxpayers have to pay, they should have a say!

Con

Prop. 53 erodes local control by requiring statewide vote on some local infrastructure projects. Empowers voters in faraway regions to reject your community’s needs. Prop. 53 jeopardizes water supply, bridge safety, other repairs. No exemption for emergencies/disasters. California Professional Firefighters, cities, counties, Association of California Water Agencies urge No on 53. www.NoProp53.com

Campaigns

For

Yes on 53—Stop Blank Checks
925 University Ave.
Sacramento, CA 95825
(916) 500-7040
Info@StopBlankChecks.com
www.YESon53.com

Against

No on Prop. 53—Californians to Protect Local Control
info@NoProp53.com
NoProp53.com