Proposition 5 would lower the vote threshold needed to pass local bond measures for affordable housing, transportation, parks and other infrastructure.
Supporters contend that changing the required majority from two-thirds to 55% will make it easier for voters to approve government financing for needed housing and other public projects. Groups opposing the measure argue it will lead to increased government spending and result in higher taxes. Real estate interests are opposing the measure along with rent control measure, Proposition 33.
Overall fundraising
Cumulative contributions
Biggest supporters
The Chan Zuckerberg Initiative and the Non-Profit Housing Association of Northern California have each contributed $2.5 million in support.
Biggest opposition
The California Business Roundtable has contributed more than $1.5 million in opposition.
Times housing affordability reporter Liam Dillon contributed to this report.
The post Proposition 5: Who’s donating money for, against housing bonds appeared first on Patabook News .
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