What did Proposition 5 mandate?
A) The state was allowed to cut property taxes to the assessed valuation of the property in 1975.
B) The state requires the vote of the electorate on all taxes that might be used to replace revenues lost under Proposition 13.
C) The state was mandated to negotiate a compact to allow tribal casinos.
D) The state was authorized to sell $3 billion in bonds to fund stem-cell research.
Correct Answer:
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B)
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