Proposition 2: No Place like Home Act of 2018

Position: No

Authorizes Bonds to Fund Existing Housing Program for Individuals with Mental Illness. Legislative Statute

Use Millionaire’s Tax Revenue for Homelessness Prevention Housing Bonds; authorizes $2 billion in revenue bonds for homelessness prevention housing for persons in need of mental health services.

The Libertarian Party of California recommends a “No” vote on Proposition 2.

Although it’s stated that there would be no fiscal impact as $120 million per year would be directed from the 1% millionaire’s tax, the end result would be that the Proposition 63 revenues that had been dedicated to county mental health services would be redirected to debt servicing of this bond.  Further, although revenue from the Proposition 63 tax increase can currently pay for this liability, if the economy shifts then it will mean cutting these services and the $120 million a year will need to come out of the general fund.