Bill Tracker

ACA 4 (Aguiar-Curry) Local government financing: affordable housing and public infrastructure: voter approval

Position:Watch
Status:Policy Committees
Summary:
This measure would change the super-majority voter threshold needed for approval from 66 2/3 percent to 55 percent for three types measures to fund affordable housing and public infrastructure: (1) ad valorem taxes on real property exceeding 1percent of the full cast value; (2) special taxes; and (3) to incur bonded indebtedness that exceeds the income and revenue provided in that year.   Additionally, all measures would have to meet  specified accountability requirements).
Comments:

CALCOG currently has policy that supports a 55% percent threshold only for special taxes that support transportation infrastructure projects.  This bill would expand that threshold for any infrastructure, including affordable housing. 

ACA-4 is supported by the League of California Cities

More Info:Legislative Website Info
Letters:
Last Updated:April 26, 2017