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California Perpetual Form

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Instructions and help about California Perpetual

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. Those include affordable housing, down payment assistance and public infrastructure like hospitals, police stations and parks. Supporters argue that if the majority of voters support a bond, it should pass. However, opponents say that property owners who make up a minority of voters are the ones most likely to have to pay for bonds through property tax increases. They say that's why bonds should only be issued with a two thirds majority. To learn about the other California propositions on the ballot, check out our other videos and go to SFChronicle.com.

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