In summary

Our video covers the basics you need to know to size up any bond not numbered 007.

Seemingly every state election, California voters are asked to approve a new bond measure. They add up to billions for schools, veterans, housing, children’s hospitals and more.

The newest — Proposition 13, a $15 billion bond for school and college facilities — is on the March 3 ballot.

But more than a few voters are befuddled by how bonds work — unsure about whether it amounts to free money or a flat-out tax increase (neither when it comes to state bonds, although local bonds can directly raise taxes).

Our video walks you through the basics of what you need to know to size up any California bond not numbered 007.

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Byrhonda Lyons is a national award-winning video journalist for CalMatters. She creates compelling multimedia stories about how California policy affects people’s everyday lives. From the state’s mental...

Judy oversees economy and workforce coverage for CalMatters. She serves as hub editor of the second year of the California Divide project, a five-newsroom collaboration reporting on inequality. Prior to...