ELI5: Explain Like I'm 5

Financial referendum

A financial referendum is when people get to vote on how money is spent. You get to say whether you think it's a good or bad idea to spend money in a certain way. For example, if the government wants to build a new park, they might ask people to vote in a financial referendum to decide if the government should spend money on building the park. People who think it's a good idea will vote "Yes" and people who think it's a bad idea will vote "No". After everyone has voted, the votes are counted and whichever option has more votes wins.
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