While it’s always been more expensive to be a homeowner in California, the gap between the rest of the country has widened into a chasm.
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Instead of the two-thirds supermajority required for local bond measures, legislators are considering a proposed threshold of 55%. Had that standard been in place in 2018, San Jose, Santa Cruz County, Berkeley, San Diego and Santa Rosa would have been granted the power to borrow a total of $2.26 billion.
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