By Susan Kirsch
Sep 22, 2024
Too much debt
Proposition 5 will introduce a tsunami of long-term debt.
Prop 5 will reduce the approval threshold for local affordable housing and public infrastructure bonds from the current two-thirds voter requirement to 55%, making it easier for cities, counties and special districts to pass these measures.
Past voters wisely rejected burdening future generations with long-term debt without super-majority approval.
Proponents parrot “affordable housing” while ignoring that Prop 5 can increase costs for homeowners and renters alike.
Prop 5 is not a citizen initiative. It was put on the ballot by the state Legislature and is a constitutional amendment that will satisfy their insatiable search for more revenue.
You have a choice: Accelerate the capacity of politicians to tax you, or vote no on Prop 5.
Susan Kirsch, founder and president, Catalysts for Local Control, Mill Valley
