Prop B: City of San Diego

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June 2, 2016 (San Diego) Prop B intends to bring the issuing of general obligation bonds in line with state policy. It would require a super majority in the Council to authorize them. These bonds are issued to pay for things like libraries and fires stations. They are paid off though property taxes, what are called Ad Valormen.

You can find the full text here

This proposition would bring the city in line with Prop 13, and the impartial analysis says:

The authorization of General Obligation Bonds has required a two-thirds vote of the public since Proposition 13 was enacted in 1978. The City currently has additional requirements in the Charter that predate Proposition 13. If approved, the proposition would eliminate these additional provisions, some of which conflict with Proposition 13, and require the City to comply with the California Constitutionand state law in authorizing and issuing General Obligation Bonds. The City Council also could adopt local procedures for issuing and selling General Obligation Bonds as long as the procedures comply with state law.

In our mind it might make it easier to authorize those bonds.

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