California bonds on the 2024 ballot [Video]

SAN DIEGO — San Diegans have already started voting in the March primary and there’s one proposition on the ballot that asks voters to decide on a multi-billion dollar bond. 

What is a bond?

So what exactly is a bond? And who pays for it? Working for you, we answer those questions – not to convince you how to vote – but to give you the information you need to make an informed decision.

Simply put, bonds are like a mortgage on a house. Government agencies borrow a specific amount of money which then must be repaid over time. 

“The idea with bonds, is that they’re investments that will help the state grow and develop,” said Thad Kousser, a Political Science Professor at UC San Diego. 

Bonds pay for things like roads, educational infrastructure, and water projects. 

“Give or take …