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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 ...
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 ...
A ballot measure that would have lowered the approval threshold for local bonds to support affordable housing and other projects failed.
Proposition 4, climate bond: Similar to Prop. 2, lawmakers placed Prop. 4 on the ballot to request $10 billion in bond funds for a variety of climate projects. The bond comes after two years of ...
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 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 ...
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
Real estate interests are leading the opposition to California's Prop 5 which would make it easier to raise money for affordable housing.