Last March 5, voters barely approved Proposition 1, the $6.4 billion homeless bond, 50.18% to 49.82%. Despite that, Gov. Gavin Newsom and the Legislature have now put two new bonds, totaling $20 billion, on the Nov. 5 ballot.
Proposition 2 is $10 billion in bonds to upgrade K-12 and community college facilities. Proposition 4 is another $10 billion in bonds to deal with “severe climate change-related events.”
California’s financial shape isn’t good enough to support more statewide bonds.