Posts Tagged: state obligation bonds

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The ballot props: What’s at stake

A voter prepares to make a choice on the ballot. (Photo: Svanblar, via Shutterstock)

California voters are being asked to approve $16.4 billion in bond financing, cut taxes and weigh in on such diverse topics as kidney dialysis prices and farm animal living conditions in the Nov. 6 election. The 11 initiatives on the ballots include requests for bond financing for housing, water and children’s hospitals. Other initiatives would approve huge property tax savings for seniors, repeal the controversial gas tax hike and open the way to expand rent control. In the long tradition of California ballot propositions, fights over the initiatives have prompted record spending.

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