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This proposition would require a statewide vote on all obligation bond sales over $2 billion even if the work covered by the bond is geographically isolated from most voters. While it does not impact local projects using local revenue, there is no specific exemption for essential goods or for even emergencies. The Proposition if passed could impact emergency funding (earthquakes, major fires) as well as locally needed infrastructure repairs, expansion, etc. to handle water crises and drought preparedness. The Legislative Analyst notes that state-funded hospital construction in San Diego could be vetoed by voters in Eureka. Prop. 53 does much harm and not much good.