4.9K views · 12 reactions | Proposition 5 is about property taxes for seniors older than 55, and a tax break that could lead to $1 billion in lost revenue for local government over time. For more info, go to https://on.abc10.com/2Cn2fsc | ABC10 | Facebook
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Here's what Prop. 5 would do if it is approved by California voters
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California Ballot Propositions Explained | Prop 5 makes it easier for cities to raise taxes California makes it hard for cities and counties to borrow money for new projects. Most bonds need two-thirds of voter support to pass. Proposition 5 would lower that to 55% but only for some projects like affordable housing, down payment assistance and public infrastructure. Supporters say that if a majority supports a bond, it should pass. Opponents say that property owners are the most likely to have t
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