PROP
5

Allows Local Bonds for Affordable Housing and Public Infrastructure with 55% Voter Approval. Legislative Constitutional Amendment.

Allows Local Bonds for Affordable Housing and Public Infrastructure with 55% Voter Approval. Legislative Constitutional Amendment.

Summary

Allows approval of local infrastructure and housing bonds for low- and middle-income Californians with 55% vote. Accountability requirements. Fiscal Impact: Increased local borrowing to fund affordable housing, supportive housing, and public infrastructure. The amount would depend on decisions by local governments and voters. Borrowing would be repaid with higher property taxes. Supporters: California Professional Firefighters; League of Women Voters of California; Habitat for Humanity California Opponents: California Taxpayers Association; California Hispanic Chambers of Commerce; Women Veterans Alliance

Money Raised

Chart depicts total fundraising by all committees primarily formed for and against Prop 5.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 5 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 5

Chan Zuckerberg Initiative, LLC (Mark Zuckerberg)
07/24/2024
$2,500,000
NPH Action Fund Political Issues Committee
07/24/2024
$2,500,000
Chan Zuckerberg Initiative, LLC (Mark Zuckerberg)
10/17/2024
$2,200,000
NPH Action Fund Political Issues Committee
10/10/2024
$1,440,000
Chan Zuckerberg Initiative, LLC (Mark Zuckerberg)
10/23/2024
$1,300,000
Chan Zuckerberg Initiative, LLC (Mark Zuckerberg)
10/29/2024
$1,000,000
NPH Action Fund Political Issues Committee
10/02/2024
$800,000
The Related Companies/William Witte
10/14/2024
$150,000
Krieger, Michel
10/29/2024
$150,000
The Crankstart Foundation
09/23/2024
$134,000

No on Prop 5

CALIFORNIA ASSOCIATION OF REALTORS
04/11/2024
$19,000,000
NATIONAL ASSOCIATION OF REALTORS
06/04/2024
$5,000,000
CALIFORNIA ASSOCIATION OF REALTORS ISSUES MOBILIZATION PAC
03/27/2024
$3,000,000
California Business Roundtable Issues PAC
09/20/2023
$450,000
California Business Roundtable Issues PAC
02/15/2024
$400,000
California Business Roundtable Issues PAC
07/17/2023
$290,000
California Business Roundtable Issues PAC
04/17/2024
$160,000
California Business Properties Association Issues PAC
03/19/2024
$100,000
Marcil, Gerald J.
04/05/2024
$100,000
California Business Roundtable Issues PAC
05/14/2024
$100,000

What your vote means

Yes

A YES vote on this measure means: Certain local bonds and related property taxes could be approved with a 55 percent vote of the local electorate, rather than the current two-thirds approval requirement. These bonds would have to fund affordable housing, supportive housing, or public infrastructure.

No

A NO vote on this measure means: Certain local bonds and related property taxes would continue to need approval by a two-thirds vote of the local electorate.

More on Proposition 5

For background on Proposition 5, an analysis by the legislative analyst, endorsements for and against the measure, and more...

Arguments

Pro

Prop. 5 shifts local spending priorities away from state government, giving local voters and taxpayers the choice and the tools to address the challenges facing their communities. Whether it's housing affordability, safer streets, more fire stations, or other community-driven projects, Prop. 5 empowers local voters to solve local problems. Vote YES.

Con

Prop. 5 changes the constitution to make it easier to increase bond debt, leading to higher property taxes. Prop. 5 shifts the financial burden from the state to local communities, increasing costs for homeowners, renters, and consumers. Politicians wrote loopholes in Prop. 5 so "infrastructure" can mean just about anything.

Campaigns

For

Yes on Prop. 5
www.YesOnProp5.org

Against

Protect Local Taxpayers
info@VoteNoProp5.com
VoteNoProp5.com