The board “opposes” this measure which will require voter approval before the issuance of public infrastructure bonds (“revenue bonds) over $2 billion.
Ballot Summary: Requires statewide voter approval before any revenue bonds can be issued or sold by the state for certain projects if the bond amount exceeds $2 billion. Fiscal Impact: State and local fiscal effects are unknown and would depend on which projects are affected by the measure and what actions government agencies and voters take in response to the measure’s voting requirement.
Click here to see a “NO on Prop 53” commercial.
