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Proposition 5 is a California ballot proposition that was voted on as part of the 2024 California elections on November 5. It failed, with 55.0% of voters voting "no." [ 1 ] If passed, the proposition would have amended the California Constitution to reduce the supermajority requirement from two-thirds of the vote to 55% for local bond measures ...
The existing supermajority requirement for local bond approval goes back to the series of tax restrictions in California's Constitution inaugurated by the passage of Proposition 13 in 1978.
Proposition 5 would lower the required vote threshold to approve those measures from a two-thirds supermajority to 55%. Read more: Your guide to Proposition 5: Making it easier to pass local ...
Real estate interests are leading the opposition to California's Prop 5 which would make it easier to raise money for affordable housing.
Proposition 5, also known as Prop 5 or Property Tax Transfer Initiative, was a 2018 California ballot proposition intended to allow people buying houses who are severely disabled or 55 and over to transfer their tax assesments from their previous house to their new house regardless of the new house's market value or the location of the new house.
Initiative Constitutional Amendment and Statute. Will amend 1978's Proposition 13 by allowing homeowners who are over 55 years old or severely disabled to transfer their property tax base from their old home to their new one, regardless of the new residence's property value, location, or their previous transfers. [46] 6: Failed
If approved by California voters, Proposition 5 would make it easier for local bond measures, and the tax increases that often accompany them, to pass.
Repeals 2008 California Proposition 8 and declares in the state constitution that the "right to marry is a fundamental right", effectively allowing same-sex couples to once again marry. [23] 4: Passed Authorizes the issuance of $10 billion in bonds to fund various water infrastructure, energy, and environmental protection projects. [24] 5: Failed