Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • The Wealth Company MF launches Gold ETF Fund of Fund
    • More bonds teetering on the brink of junk
    • Fundsmith star Terry Smith warns index funds are ‘laying foundations of a major investment disaster’
    • XRP News Today: XRP Holds $2 as ETFs Outshine Bitcoin Flows
    • Investor flight to safety in December 2025 market trends
    • Manufacturing Funds Stumble in 2025
    • Gift Mutual Fund Units To Children Without Capital Gains Tax: Online Step-By-Step Guide | Savings and Investments News
    • VNQI vs. HAUZ: These ETFs Offer Investors Exposure to Real Estate Around the World
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Proposition 5 will help Bay Area face its biggest challenges
    Bonds

    Proposition 5 will help Bay Area face its biggest challenges

    October 12, 2024



    Click here for a complete list of our election recommendations.


    Our Bay Area is known for its beautiful landscapes, dynamic communities, economic strength and innovative spirit. But serious challenges threaten our region’s future. We must address the urgent need for affordable housing and work together to solve homelessness, protect our communities from sea level rise, and improve infrastructure for cities and counties.

    Proposition 5 offers a smart fundraising solution to these issues. It would allow cities and counties to pass local infrastructure bonds with 55% of the vote, rather than the current two-thirds requirement. In 2000, California voters approved a similar reduction in the vote requirement to pass local school bonds, which resulted in major improvements and modernization of our public schools.

    The current two-thirds vote for local bonds is democratically unfair and enables special interests and a small minority of voters to obstruct the will of a supermajority of voters who support a well-planned measure with broad community support. It also imposes a stricter requirement for city and county bonds than is required for passage of state bonds, where only a simple majority vote is required.

    Proposition 5 would make it easier for communities to obtain the funds needed to solve vital infrastructure challenges, such as building libraries, senior centers, parks and fire stations, as well as address critical issues such as clean water and affordable housing.

    The Bay Area’s lack of affordable housing is a pressing concern and contributes to our homelessness crisis. As our population grows, too many families struggle to find a place they can afford. Proposition 5 would help local governments pass bond measures to build more affordable housing, making it possible for people to live and work in their communities.

    Our region is also especially vulnerable to the impacts of climate change. Rising sea levels threaten to inundate our neighborhoods, highways and public infrastructure. Proposition 5 would help community leaders raise funds for local projects to protect our shorelines and safeguard clean water.

    This ballot measure would empower local voters to decide what’s best for their own unique city and county needs. It would remove the need to rely on the state to issue bonds to fund local projects. Funding decisions would stay in the hands of local officials who know their communities better than the state does. This would give voters a more direct voice in shaping their future.

    Proposition 5 also contains strict accountability measures that ensure our tax dollars are spent wisely and transparently. The measure would require that every dollar spent is tracked and reported, with public oversight built into the process. Regular audits and financial reviews would let voters know how their money is being used and confirm that projects are being completed on time and within budget.

    This proposition is an investment in a better future. It’s about protecting the places we love, building the housing we need, and ensuring our local infrastructure keeps pace with the demands of a changing world.

    Let’s make sure the Bay Area is prepared for the challenges ahead. Vote yes on Proposition 5.

    John Gioia is a Contra Costa County supervisor.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    More bonds teetering on the brink of junk

    January 11, 2026

    What They Are, How They Work, and Their Categories

    January 10, 2026

    Key Risks Every Investor Should Know

    January 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Wealth Company MF launches Gold ETF Fund of Fund

    January 12, 2026
    Don't Miss
    Mutual Funds

    The Wealth Company MF launches Gold ETF Fund of Fund

    January 12, 2026

    The Wealth Company Mutual Fund, part of the Pantomath Group, has launched the The Wealth…

    More bonds teetering on the brink of junk

    January 11, 2026

    Fundsmith star Terry Smith warns index funds are ‘laying foundations of a major investment disaster’

    January 11, 2026

    XRP News Today: XRP Holds $2 as ETFs Outshine Bitcoin Flows

    January 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    BlackRock’s spot Bitcoin ETF sees record-breaking $875 million single-day inflow

    October 31, 2024

    Short-term flexibility vs long-term security, which one suits you better?

    December 17, 2025

    Thematic ETFs Struggle With Continued Investment Outflows

    October 22, 2024
    Our Picks

    The Wealth Company MF launches Gold ETF Fund of Fund

    January 12, 2026

    More bonds teetering on the brink of junk

    January 11, 2026

    Fundsmith star Terry Smith warns index funds are ‘laying foundations of a major investment disaster’

    January 11, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.