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Brian EdwardsTiekert @bedwardstiek
, 13 tweets, 4 min read Read on Twitter
Hi! I have to research, condense, and explain all the California ballot initiatives for my job. Here is a tweet-per-prop thread-guide (finance snips all from ballotpedia):
Prop 1: Borrow $4 billion to build more affordable housing.
DID YOU KNOW: By the state's estimate, we actually have a SURPLUS of housing affordable to high-income people, but massive shortages of housing for everyone else. (The market only tends to build for the top.)
P2: Allows the state to re-direct some $ earmarked for mental health services to housing for people with mental disorders
WHO'S WHERE: The official no argument comes from *one* local affiliate of the National Alliance on Mental Illness. Statewide NAMI *supports* it.
P3: Borrow $8.9b to pay for a bazillion water projects
WHO'S WHERE: Some enviros (most notably Sierra Club CA) oppose it b/c $750m will go toward fixing up 2 canals that the feds own and growers benefit from. Others support because they think the projects funded are net good. 🤷‍♂️
P4: Borrow $1.5bn in public money for private nonprofit children's hospitals.
WHO'S PAYING: The private nonprofit hospitals that would be eligible for the money.
WHO'S WHERE: There's no organized opposition.
P5: Lets old people take their low tax rates with them when they buy new homes.
WHAT IT COSTS: $2bn / year, eventually
WHO's PAYING: Realtors
P6: A MAGA hat disguised as serious tax policy
WHAT? Republicans need turnout to hold onto their house seats, so they cooked up a tax repeal even the Chamber of Commerce opposes--they think "repeal the gas tax" is more likely to turn out their base than ... Republican candidates.
P7: Daylight Savings Time
WHO CARES:
P8: Caps kidney dialysis charges at direct costs plus 15%
WHO'S PAYING: SEIU-UHW, which organizes dialysis workers
WHY? To raise the cap and reap more profits, dialysis companies would have to increase direct costs - probably by hiring more staff, and/or paying them better.
P10: Lifts state-imposed restrictions on local rent control
OH HEY, I have a whole thread on this:
P11: Eases break rules for private-sector ambulances
WHO BENEFITS: Private-sector ambulance companies, plus the insurance companies and local governments they may pass some savings on to
P12: Requires more space for animals on factory farms
WHO's WHERE: The spending against this is coming from ag. Strangely, they're on the same side as PETA, who doesn't think it goes far enough.
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