SDCTA Supports Proposition 41: The Veterans Housing and Homeless Prevention Bond Act of 2014
SDCTA SUPPORTS Proposition 41. The proposed measure does not increase the amount of additional debt that will be created by other general obligation bond measures previously approved by voters. Rather, the proposed measure demonstrates the Legislature's ability to repurpose a program to address a changing demographic based off statistics. The ability to issue debt will still be determined by the state's fiscal health, but should bonds be able to be issued, proceeds will go toward needed programs. One-third of the funds originally approved by voters are still allocated to the original intent.