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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 ...
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.
Proposition 2. This bond measure would authorize the state to borrow $10 billion to modernize K-12 schools and community colleges. The funding could be used to repair outdated school buildings and ...
If voters pass Proposition 5, this threshold will be lowered to 55% for bonds supporting low-income housing, road and transit expansions, parks, wildfire resilience and other public infrastructure ...
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
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 opponents successfully argued that the initiative measure was a "huge tax break to wealthy Californians" and a "huge windfall to the real estate industry." [ 10 ] In 2019, the California Association of Realtors sponsored and financed another initiative measure that would have expanded Proposition 13 property tax breaks for certain ...