Summary
California voters face a very important financial decision this November. Should we borrow up to $42.65 billion to fund a large number of transportation, housing, schools, water, and flood protection projects? If approved, the five bond measures on the November ballot (Propositions 1B, 1C, 1D, 1E, and 84) would add a total of about $84 billion in debt and interest that would have to be repaid from the state’s general fund over the next 30 years. Here we explain where the borrowed funds for each of these five propositions would be spent, and summarize the arguments of those in favor and against the proposals.