California Tax Proposal on November ballot

California has one hidden tax proposal on the November ballot.

Prop 5 is called a bond measure. If passed, Prop 5 allows local bonds for affordable housing for low- and middle-income Californians, or for public infrastructure including roads, water, and fire protection to be approved by 55% of voters, rather than current two-thirds approval requirement.

If passed, Prop 5 allows local governments to assess property taxes above 1% to repay affordable housing and infrastructure bonds if approved by 55% of voters instead of current two-thirds approval requirement.