Bonds are a way for state and local governments raise money for projects—things like schools, infrastructure, or transportation. In part 4 of our Prop Fest series, a collaboration between Bay Curious and The Bay, we talk about Proposition 5. Prop 5 would lower the voting threshold to pass local bonds from two-thirds (66.67%) down to 55%—but only for bonds related to affordable housing and public infrastructure projects. It sounds pretty straightforward, but as we find out from reporter Adhiti Bandlamudi, it could have wider implications for taxpayers.

Editor's Note: This episode has been updated from a previous version to clarify ramifications of Proposition 13.

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This story was reported by Adhiti Bandlamudi. Bay Curious is made by Olivia Allen-Price, Amanda Font, Christopher Beale, and Ana De Almeida Amaral. The Bay is made by Alan Montecillo, Ericka Cruz Guevarra and Jessica Kariisa. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Holly Kernan, and the whole KQED family.