California Proposition 5 would lower the number of votes needed to pass local bond measures. Here's what you should know

California voters are considering a state ballot measure that could make it much easier for cities and counties to raise money through municipal bonds.

Proposition 5, a constitutional amendment, would change how many votes a municipality would need to pass a bond — essentially a property tax — for affordable housing and infrastructure projects.

If passed, the measure would allow approval of local infrastructure and housing bonds for low- and middle-income Californians with 55% of the vote. Currently, a two-thirds majority is required to pass such bonds. Local bonds are on the ballot in the Nov. 5 election would only require 55% to pass if Prop 5 also passes.

Proponents of Proposition 5 believe the measure gives local voters and taxpayers the choice and opportunity to address their communities' housing and infrastructure problems and shift local spending priorities from state government.

Proponents of the ballot measure say it would make it easier for cities and counties to approve bonds to finance affordable housing developments, safer streets, additional fire stations or other community-driven projects.

Those who oppose Proposition 5 say the changes to the state constitution would make it easier to increase bond debt, which would lead to higher property taxes. The measure would shift the financial burden from the state to local governments, which opponents say would result in higher costs for homeowners, renters and consumers.

Critics also argue that the measure's wording would allow for a liberal interpretation of what constitutes an infrastructure project.