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San Jose, California, Measure V, Housing Bond Issue (November 2018)
| Measure V: San Jose Housing Bond Issue |
|---|
|
| The basics |
| Election date: |
| November 6, 2018 |
| Status: |
 DefeatedMajority required: 66.67% |
| Topic: |
| City bonds |
| Related articles |
| City bonds on the ballot November 6, 2018 ballot measures in California Santa Clara County, California ballot measures Local housing on the ballot |
| See also |
| San Jose, California |
A bond issue for housing was on the ballot for San Jose voters in Santa Clara County, California, on November 6, 2018. It was defeated.
| A yes vote was a vote in favor of authorizing the city to issue up to $450 million in bonds at an estimated tax rate of $0.08 per $1000 in assessed property value to fund housing primarily for individuals and households earning up to 80 percent of the area median income (AMI) as well as households earning up to 120 percent of the AMI. |
| A no vote was a vote against authorizing the city to issue up to $450 million in bonds at an estimated tax rate of $0.08 per $1000 in assessed property value to fund housing primarily for individuals and households earning up to 80 percent of the area median income (AMI) as well as households earning up to 120 percent of the AMI. |
A two-thirds (66.67%) vote was required for approval of Measure V.
Election results
|
San Jose, California, Measure V, Housing Bond Issue (November 2018) |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 177,525 | 64.01% | ||
|
|
99,816 | 35.99% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ |
To provide housing affordable for:
Shall San José issue $450,000,000 in general obligation bonds with an average levy of 8 cents per $1,000 of assessed value, averaging $26,217,000 annually until repaid, requiring community oversight and annual audits?[2] |
” |
Full text
The full text of the measure is available here.
Path to the ballot
This measure was put on the ballot through a vote of the San Jose City Council on August 10, 2018.[3]
See also
External links
Footnotes
- ↑ Santa Clara County, "List of Local Measures," accessed August 27, 2018
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ City of San Jose, "Agenda - 8/10," accessed August 28, 2018
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