California Ballot Propositions Explained | Proposition 4 could be one of the largest investments California has ever made toward climate change. It would allow the state to borrow up to $10 billion in bonds to help combat droughts, wildfires and sea level rise. The bonds would cost about $400 million per year and take 40 years to pay off. Supporters say there is an urgent need for funding. Opponents say bonds are the most expensive way to pay for things, especially for a state that is facing a b

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