Initiative Facts

Proposition 53 is a commonsense measure that will simply:

  1. Close the loophole that allows politicians to issue massive new debt to pay for multi-billion dollar projects — without giving Californians the right to vote.
  2. Require statewide voter approval for state revenue bond projects costing more than $2 billion.
  3. Hold Sacramento politicians accountable by requiring all multi-billion dollar state bonds go to a vote of the people.
  4. Give voters a say when state government wants to incur enormous new debt that the public will have to repay.
  5. Ensure voters understand the full cost of future projects, including interest payments, that they are expected to pay.