California Prop. 53 Would Expand Voter Approval to Revenue Bonds

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Michael Krasny

Sep 19, 2016 at

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A view of the eastern span of the Oakland-San Francisco Bay Bridge on May 18, 2015 in San Francisco, California. (Photo: Justin Sullivan/Getty Images)

As part of KQED’s Election 2016 coverage, we’ll discuss California’s Proposition 53. The measure would require voter approval for any public works project using more than $2 billion in revenue bonds, which are repaid with funds generated by the project. Currently, voter approval is only needed for general obligation bonds, which are repaid from general tax money. Proponents say Proposition 53 safeguards against bureaucrats running up state debt for pet projects. Opponents say the measure would make it even harder to achieve much-needed infrastructure improvements in California.

More Information:

KQED’s Complete Election Coverage

Guests:

Marisa Lagos, reporter, KQED's California Politics and Government Desk

Jon Coupal, spokesperson, Yes on 53; president, Howard Jarvis Taxpayers Association

Loren Kaye, spokesperson, No on 53; president, California Foundation for Commerce and Education

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