Politics & Government
Bonds Demystified: Watch What A Bond Measure Is, In Under 2 Minutes
The newest — Proposition 13, a $15 billion bond for school and college facilities — is on the March 3 ballot.
By Byrhonda Lyons, Judy Lin; From CalMatters:
Originally published on February 29, 2020
Seemingly every state election, California voters are asked to approve a new bond measure. They add up to billions for schools, veterans, housing, children’s hospitals and more.
Find out what's happening in Across Californiafor free with the latest updates from Patch.
The newest — Proposition 13, a $15 billion bond for school and college facilities — is on the March 3 ballot.
Find out what's happening in Across Californiafor free with the latest updates from Patch.
Get more updates and analysis on the California Election blog
But more than a few voters are befuddled by how bonds work — unsure about whether it amounts to free money or a flat-out tax increase (neither when it comes to state bonds, although local bonds can directly raise taxes).
Our video walks you through the basics of what you need to know to size up any California bond not numbered 007.
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