How is California's $10 billion Veterans and Affordable Housing Bond SB 417 moving toward the November ballot?

On June 25, both chambers cleared SB 417, the Veterans and Affordable Housing Bond Act — the Senate placed a version of roughly $11.25 billion on the ballot after a heated floor debate over labeling and allocation, and the Assembly passed a $10 billion version 54-7. Sponsors argue the bond would unlock about 45,000 fully permitted affordable units and include a $1.25 billion veteran-housing loan program, while critics contest the veterans framing and the debt scale. The measure must reconcile between chambers before it can be sent to voters.

AI-generated summary compiled from Citizen Portal's coverage of the bill. Officials' positions below are sourced from their own words in indexed meetings and press events.