Should the state sell $2.9 billion in general obligation bonds to fund housing for lower-income residents and development in urban areas near public transportation?
For the purpose of providing shelters for battered women and their children, clean and safe housing for low-income senior citizens; homeownership assistance for the disabled, military veterans, and working families; and repairs and accessibility improvements to apartments for families and disabled citizens, the state shall issue bonds totaling two billion eight hundred fifty million dollars ($2,850,000,000) paid from existing state funds at an average annual cost of two hundred and four million dollars ($204,000,000) per year over the 30 year life of the bonds. Requires reporting and publication of annual independent audited reports showing use of funds, and limits administration and overhead costs.
(Put on the ballot by the Legislature)
- A YES vote on this measure means:
- The state could sell $2.85 billion in general obligation bonds to support
a variety of housing and development programs.
- A NO vote on this measure means:
- The state could not sell $2.85 billion in general obligation bonds
for these purposes.
- Summary of Arguments FOR Proposition 1C:
- YES on Proposition 1C
provides emergency shelters
for battered women, affordable
homes for seniors and former
foster youths, and shelters
with social services for
homeless families without
raising taxes. Rebuild
California: Join Habitat for
Humanity, AARP, and CA
Partnership to End Domestic
Violence, vote Yes on 1C.
Full Text of Argument In Favor,
Rebuttal
- Summary of Arguments AGAINST Proposition 1C:
- Vote "no" on Proposition
1C. Almost $3 billion in
new government debt and
big bureaucracy won't
make California housing
affordable. Proposition 1C
gives your money to a select
few chosen by bureaucrats
then sticks every California
family of four with $600
of debt and interest. Vote
"no" on irresponsible debt.
Full Text of Argument Against,
Rebuttal
- Contact FOR Proposition 1C:
- Let's Rebuild California
1127 11th Street, Suite 950
Sacramento, CA 95814
(916) 448-1401
info@readforyourself.org
http://www.readforyourself.org
- Contact AGAINST Proposition 1C:
- Assemblyman Chuck DeVore
California State Assembly
4790 Irvine Blvd., Ste. 105-191
Irvine, CA 92620
(916) 991-9300
NoProp1C@aol.com
http://www.NoProp1C.com
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League of Women Voters of California Education Fund
Pass:
4,197,435 /
57.4% Yes votes ......
3,115,894 /
42.6% No votes