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Most city and county bonds require voter approval in California, needing the support of at least two-thirds of voters to pass. [3] This requirement was put in place by Proposition 13 which was passed in 1978 and reduced property taxes. [4] In 2000, Proposition 39 reduced the supermajority to 55% to approve taxes for local school bonds. [4]
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.
PACE financing (property assessed clean energy financing) is a means used in the United States of America of financing energy efficiency upgrades, disaster resiliency improvements, water conservation measures, or renewable energy installations in existing or new construction of residential, commercial, and industrial property owners.
A 2018 study from the University of California, Irvine, maintains that Prop 47 was not a "driver" for recent upticks in crime, based upon comparison of data from 1970 to 2015, in New York, Nevada, Michigan and New Jersey, states that closely matched California's crime trends, but that "what the measure did do was cause less harm and suffering ...
What to know about California's Proposition 4, ... Hundreds of millions of dollars from the bond would benefit private industry. For example, it would provide $850 million to clean energy projects ...
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12 – Passed – Safe Neighborhood Parks, Clean Water, Clean Air, and Coastal Protection Bond Act of 2000. 13 – Passed – Safe Drinking Water, Clean Water, Watershed Protection, and Flood Protection Bond Act. 14 – Passed – California Reading and Literacy Improvement and Public Library Construction and Renovation Bond Act of 2000
That perception could thus potentially allow a local government to borrow at a lower interest rate, saving its taxpayers' money over the life of the bonds. Despite that advantage, many states, such as California under Proposition 13, do not allow local governments to issue unlimited-tax general obligation debt without a public vote.