Proposition 5 would amend the California Constitution to lower the requirements to pass local bonds. What effects would this have, and does it really matter? We’ll go through it all today so that hopefully by the end of this you are equipped to vote, and are convinced as to why it matters!

Note that this proposition deals with bonds, and as a reminder, we have been discussing bonds in detail for the past two weeks. If you haven’t already, I would highly recommend you go back and listen to Episode 5 for an in-depth discussion of what a bond is, as well as Episode 6 for an example of the economic effects that bonds have.

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