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Through a mix of signature gathering and legislative action, 10 different propositions will be on the ballot this November. Most of them can be considered unrelated to real estate, but the continued efforts to raise revenue and enact strict rent control are back in new forms. Here is a rundown of what you will be voting on in November:
Proposition 33: Allow Governments to Impose Strict Rent Control
This is the continued efforts by the Aids Health Care Foundation to roll back Costa-Hawkins protections. Similar measures lost two years ago and in previous elections, and state efforts (AB 1482) to limit rent control have largely mitigated voters’ appetite to do more.
Proposition 5: Lower Voter Thresholds to Approve Housing and Infrastructure Bonds
The state Legislature passed ACA 10 which would lower approval thresholds to 55% for any measures that fund affordable housing or related infrastructure. This would include the acquisition of new housing units, new construction, and also the renovation of existing housing units.
Proposition 2: Funding Bond for School Facilities
This would authorize the borrowing of $10 billion for school facilities across the state, including community colleges, against the state General Fund.
Other propositions include:
Proposition 3: Reaffirm the Right of Same Sex Marriage
Proposition 4: Borrow $10 Billion to Fund Climate Programs
Proposition 6: Limit Forced Labor in State Prisons
Proposition 34: Require Certain Health Care Providers to Fund Patient Care
Proposition 35: Permanent Tax on Managed Health Care Plans
Proposition 36: Increase Penalties for Theft and Drug Trafficking
