A $2-billion bond measure to help house homeless people suffering from mental illness appears poised for approval after an agreement was reached between Democratic and Republican leaders. The $10 million for veterans would come from a separate bond measure approved by lawmakers in 2014, and the $10 million for youth would come from an emergency housing fund. The modified legislation includes new requirements for overseeing how the money is spent, and the deal includes a separate bill that sets aside additional money for homeless veterans and youth. Meanwhile, the $2-billion bond would use revenue raised through Proposition 63, a voter-approved tax on millionaires. Because the measure involves borrowing money, it requires a two-thirds vote in the Legislature.

Source: Los Angeles Times June 27, 2016 21:55 UTC