California Ballot Propositions Explained | Prop 5 makes it easier for cities to raise taxes

California Ballot Propositions Explained | Prop 5 makes it easier for cities to raise taxes

California makes it hard for cities and counties to borrow money for new projects. Most bonds need two-thirds of voter support to pass. Proposition 5 would lower that to 55% but only for some projects like affordable housing, down payment assistance and public infrastructure. Supporters say that if a majority supports a bond, it should pass. Opponents say that property owners are the most likely to have to pay for the bonds through property tax increases. Subscribe to KCRA on YouTube now for more: http://bit.ly/1kjRAAn Get more Sacramento news: http://www.kcra.com Like us:   / kcra3   Follow us:   / kcranews   Instagram:   / kcranews