The upcoming election in California is crucial for homeowners as Proposition 5 threatens to increase property taxes. The proposition would lower the vote threshold for local bonds from two-thirds to 55%, resulting in billions of dollars in future property tax increases. This retroactive measure would allow virtually unlimited property taxes in future elections. The campaign against Prop. 5, led by the Howard Jarvis Taxpayers Association, has been working tirelessly to educate voters on the dangers of the proposition. Despite a deceptive ballot label, polls suggest that Prop. 5 is losing by a small margin. However, a recent influx of millions of dollars in campaign contributions from advocates like Mark Zuckerberg could change the tide. It is crucial for Californians to continue spreading awareness about the negative implications of Prop. 5 and to vote against it to protect homeowners from higher taxes and excessive government debt. The future of California rests on defeating this proposition, and it is up to the voters to make informed decisions at the ballot box.
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