Column: Bonds on the November ballot are worthwhile, but very, very costly

The race for the White House is overshadowing other critical issues on the California ballot, yet three key propositions stand out for their financial implications.

Proposition 2 proposes a $10 billion bond to modernize K-12 schools, while Proposition 4 aims to tackle environmental concerns with another $10 billion for infrastructure projects that protect against climate change.

Proposition 5 would lower the voting threshold to 55% for local governments to issue bonds, facilitating funding for affordable housing and essential public works projects.

Despite the potential benefits of the measures in Propositions 2 and 4, concerns arise over the long-term financial burden associated with these 35 and 40-year payoffs.

Read at Los Angeles Times