Proposition 16 [New Two-Thirds Vote Requirement for Local Public Electricity Providers. Initiative Constitutional Amendment.]

Overview on prop 16: The proposition requires a majority of vote approval, before local governments provide electricity service to new upcoming costumers or place a community option program in which the it would require the usage of public funds and bonds.
Fiscal Impact: Anonymous net encounter on state and local government costs and revenues—not being significant—due to the measure’s uncertain effects on public electricity providers and on electricity rates.