California Ballot Measures

November 3, 2026 General Election — 14 statewide propositions

How this page works: Every proposition below shows the state's nonpartisan Legislative Analyst's Office (LAO) plain-English summary: what a "Yes" vote means and what a "No" vote means. Below that are condensed versions of the official Arguments For and Against printed in the state Voter Information Guide — written by the campaigns themselves, so treat them as advocacy, not fact. A link to each proposition's full text (official SOS PDF) is included. Fiscal and campaign-finance figures come from the LAO, the Secretary of State, Ballotpedia, and linked news reports. Several of these measures are mutually exclusive counters to one another — most notably Prop 40 (wealth tax) vs. Props 41/42 (audits / banning new wealth taxes).
The "who pays" war: Five measures touch the same fight over taxes — Prop 3 (make high-income tax permanent), Prop 40 (one-time billionaires' wealth tax), Prop 41 (audits of special taxes), Prop 42 (ban new personal-property/wealth taxes), and Prop 43 (two-thirds vote for certain local taxes). Pairs of them are drafted to trigger or cancel one another, so read them together.
🏡 Housing

Proposition 1 — Affordable Housing Bond $11.25B bond

Legislative Statute
A YES vote meansThe state could borrow $11.25 billion to support veterans and affordable housing.
A NO vote meansThe state could not borrow $11.25 billion for veterans and affordable housing.
Arguments for

California has the nation's worst supply shortage — over half of renters pay 30%+ of income in rent, yet only about 1% of the state budget goes to housing. The measure builds affordable homes for veterans, seniors, people with disabilities, working families and essential workers like teachers and nurses, dedicates $1.25 billion to veterans via the existing CalVet home-loan program, unlocks federal matching funds, and requires strict public reporting — with no new taxes.

Signers: Self-Help for the Elderly, California Federation of Teachers, US Vets. Supported by Habitat for Humanity California, Housing California.

Arguments against

No official argument against was submitted to the Voter Information Guide. Fiscally conservative groups nonetheless contend the state should fund housing from the existing budget rather than add roughly $18.5–$20B of debt service over 40 years.

Opposition identified outside the guide: California Taxpayers Association and budget hawks.

What it does: Approves $10B in general obligation bonds for the state's housing and homelessness program, plus up to $1.25B in revenue bonds for the CalVet veterans' housing and homelessness-prevention program. Funds flow under existing programs administered by the Dept. of Homelessness and Supportive Housing.

Fiscal: State would repay the $10B GO bonds primarily from the General Fund — LAO estimates annual payments of roughly $480 million for about 40 years (totaling ~$18.5B including interest). The $1.25B revenue portion is repaid from program participants.

Proposition 37 — Middle-Class Homeownership Loans Up to $25B revenue bonds

Initiative Statute
A YES vote meansThe state would create a new homebuyer assistance program and could sell up to $25 billion in revenue bonds, repaid by homeowners' loan payments.
A NO vote meansThe state would not be required to create a new homebuying assistance program.
Arguments for

The "California Middle-Class Homeownership & Family Home Construction Act" gives working- and middle-class Californians a path to ownership — and California the second-worst homeownership rate in the nation — while spurring construction and thousands of good-paying jobs. Backers stress zero cost to taxpayers: loans are repaid by buyers (a point the nonpartisan LAO also makes), so public debt isn't on the General Fund.

Advanced with the Building a Better California coalition; no official opposition counterbalance was filed.

Arguments against

No official argument against was submitted to the Voter Information Guide. Some housing advocates and fiscal conservatives nonetheless argue it spends billions to finance relatively few home purchases and could put upward pressure on new-home prices.

Critics outside the guide: certain housing-advocacy and taxpayer groups.

What it does: Directs the California Housing Finance Agency (CalHFA) to fund a "middle-class homeownership loan" — down-payment assistance covering up to 17% of a home's price for qualified buyers of new homes; buyers must provide at least a 3% down payment.

Fiscal: Revenue bonds repaid by the buyers' loan payments — not from the General Fund. Prop 37 is the buyer-oriented alternative to Prop 1's low-income/veteran rental-and-housing bond.

💰 State Budget

Proposition 2 — Bigger Rainy Day Fund

Legislative Constitutional Amendment
A YES vote meansRules for building state budget reserves and paying down extra debts would change — reserves would be higher and required extra debt payments would last longer. (The current cap on the reserve is 10% of General Fund revenue.)
A NO vote meansRules for building budget reserves and paying down extra debts would not change.
Arguments for

California's budget swung from a $100 billion surplus to a $50 billion deficit in just a few years — exactly the boom-and-bust cycle a bigger reserve is designed to smooth. The nonpartisan LAO recommends saving significantly more than current rules allow. Proponents say bigger reserves protect schools, hospitals, health clinics and public safety from the deepest cuts during downturns. The measure is backed across partisan lines, including Gov. Newsom and legislative leaders of both parties.

Signers: California Professional Firefighters, California Hospital Association, California Primary Care Association, education leaders.

Arguments against

Critics call it a "slush fund for Sacramento politicians," arguing the state lacks spending discipline (pointing to boondoggles and no-bid contracts) rather than new tools to save. They contend that by shifting money into reserves the Legislature can permanently sidestep voter-endorsed spending limits, and that even well-intentioned savings get spent imprudently once the economy turns.

Signers: Reform California (Carl DeMaio), county supervisor David Tangipa, vice chair Steven Choi.

What it does: Constitutional amendment that lets the state sock away up to 20% of General Fund revenue in the rainy-day reserve (up from 10%) and extends the required pay-down of debts when the reserve is full.

Fiscal: No direct spending; changes how future surpluses are saved or paid to loans.

Proposition 3 — Make the High-Income Tax Surcharge Permanent Top tax fight

Initiative Constitutional Amendment
A YES vote meansAn income-tax increase on high-income earners in place since 2012 would become permanent instead of expiring in 2031.
A NO vote meansThe tax increase on high-income earners would expire in 2031 as now scheduled.
Arguments for

Prop 3 is not a new tax — it keeps the current rates the wealthiest 2% of Californians (couples earning more than roughly $740,000) have paid for 15 years, preventing a massive tax cut for millionaires and billionaires. Revenue is constitutionally earmarked for classrooms and community colleges with annual audits and online transparency, and it also underpins funding for Medi-Cal, children's health care and wildfire protection.

Signers: California School Employees Association, California Professional Firefighters; supported by teacher unions.

Arguments against

"Temporary" taxes become permanent higher income taxes, with politicians spending without accountability. Opponents point to the state turning a $100 billion surplus into a $30 billion deficit in three years and argue revenue from the volatile top bracket wrongly replaces reliable budgeting — and that it deepens dependence on a handful of taxpayers who can relocate out of state.

Signers: California Taxpayers Association, Family Business Association of California.

What it does: Makes permanent the temporary voter-approved surcharges on income above roughly $721,000 (couples) / $360,000 (individuals) that push the top combined rate toward 12.3%–13.3%. Revenue is earmarked for K-12 schools and community colleges (& some health care), estimated at roughly $5–$15 billion a year.

📈 Elections & Campaigns

Proposition 4 — Allow Public Campaign Financing

Legislative Statute
A YES vote meansState and local governments could create public campaign financing programs for candidates, subject to limits on which public funds are used, how, and who may receive them.
A NO vote meansState and most local governments would remain barred from creating public campaign-finance programs (the 1974-era constitutional ban would stay).
Arguments for

Elections should be "won, not bought" — more than $1 billion has been spent on California state candidate races since 2020. California is the only state that bans public financing; the 49 other states let communities adopt it. Prop 4 repeals that ban and lets each local government decide — with strict taxpayer safeguards, mandatory spending limits and broad-based support requirements to qualify, at a cost as low as about $1 per resident per year.

Signers: California Common Cause, California National Organization for Women; supported by the League of Women Voters.

Arguments against

It repeals a voter-approved law prohibiting politicians from using taxpayer dollars for their own campaigns, opening the door to taxpayer-funded incumbents. Critics stress candidates could still take special-interest money and receive public funds, and that eligibility details are left vague — so it doesn't actually remove special-interest money from politics.

Signers: Howard Jarvis Taxpayers Association, Family Business Association of California, former FPPC chair Dan Schnur.

What it does: Repeals the constitutional prohibition against using public money for campaigns, opening the door to "clean money," small-donor-matching, and publicly funded elections in California & its cities/counties.

Proposition 5 — Change Statewide Recall Elections

Legislative Constitutional Amendment
A YES vote meansRecall elections would no longer include the ballot question asking who should fill the vacancy. Vacancies would typically be filled by special elections or appointments, depending on the office and timing.
A NO vote meansVoters would continue to be asked, on the same recall ballot, who should replace the officer if removed.
Arguments for

Recalls should decide whether an official stays or goes — not become a partisan "redo the election" tool. Under current rules a replacement can win with far less than a majority: in the 2021 gubernatorial recall a successor could have won with just 28% of recall voters. Prop 5 separates removal from replacement — if a governor is recalled, the lieutenant governor takes over and voters pick a successor at the next regular statewide election, keeping majority rule intact.

Signers: League of Women Voters of California, California Common Cause.

Arguments against

It takes away your voice in choosing who comes next. Instead of voters choosing, politicians would often appoint allies to fill vacancies, or seats would sit empty for months until costly special elections — and the very official you recalled could run again. Opponents argue a century-old recall right to remove and replace shouldn't be halved to protect incumbents.

Signers: Senate Minority Leader Brian W. Jones, Assemblymember Joe Patterson.

What it does: For statewide officers (governor, lieutenant governor, AG, etc.), separates the "remove" decision from the "replace" decision — skipping the simultaneous replacement question that has historically muddied recall elections.

Proposition 39 — Photo ID to Vote Reform California flagship

Initiative Constitutional Amendment
A YES vote meansVoters would be required to present government identification/identifying information to elections officials each time they vote — at the polls and with vote-by-mail ballots.
A NO vote meansA voter's identity would continue to be established by signature.
Arguments for

A bipartisan, common-sense step to restore trust in elections — backers say nearly half of the signatures to qualify came from Democratic and independent voters. Besides photo ID at the polls, the measure requires election officials to clean up voter rolls, verify only citizens are registered, and submit to independent audits. Sponsors note states with voter ID laws have not seen participation decline.

Signers: Reform California, The Transparency Foundation, Latino American Political Association, California Women's Leadership Association.

Arguments against

Opponents cast it as a partisan power play that blocks citizens from voting. They warn mail voters would have to write a personal identification number that must exactly match state records — one wrong digit could get a valid ballot thrown out — and that obtaining the required ID creates real burdens for low-income, elderly, disabled, and homeless voters, plus enormous cost.

Opposed by Secretary of State Shirley Weber, the ACLU, NAACP, and League of Women Voters; key signatory is an elections-integrity activist.

What it does: Requires in-person voters to show government-issued photo ID and mail voters to provide identifying information with their ballot; directs the state to make identification available to voters who lack it.

💵 Taxes & Revenue

Proposition 40 — One-Time Billionaires' Wealth Tax The big tax fight

Initiative Constitutional Amendment & Statute
A YES vote meansThe state would collect a one-time tax from billionaires equal to 5% of their wealth (taxpayers with assets above roughly $1 billion).
A NO vote meansThe state would not collect a one-time tax from billionaires.
Arguments for

Backers say federal healthcare funding cuts are forcing California to pay for care out of its own budget, and billionaires — who pay much lower effective tax rates than working families — should finally pay their share. The one-time 5% levy on wealth above ~$1 billion would raise roughly $100 billion toward health care for low- and moderate-income Californians, education and food assistance, with no impact on anyone below that threshold.

Sponsor: SEIU-United Healthcare Workers West. Supporters include Sen. Bernie Sanders, Rep. Ro Khanna, California Nurses Association, CTA, Planned Parenthood Affiliates of California.

Arguments against

A "flawed wealth-tax experiment" that damages the economy and destabilizes the budget without lowering healthcare costs. Opponents note it's a one-time, temporary tax with no built-in accountability; that it exempts itself from some voter-approved constitutional protections (they estimate over $3 billion a year less for classrooms); that it taxes retirement accounts and savings in a dangerous new way; and that wealth flight and legal challenges could leave revenue shortfalls.

Signers: California Medical Association, California Primary Care Association, California School Boards Association, California Taxpayers Association, California Chamber of Commerce.

What it does: Constitutional amendment that allows & levies a one-time 5% tax on net worth above ~$1 billion — roughly 200 of California's richest taxpayers. Revenue split: 90% to health care for low- and moderate-income Californians, 10% to education and food assistance.

Polling: 54% of likely voters support it (PPIC, May 2026). Two countermeasures (41 and 42) are drafted to cancel or constrain it.

Proposition 41 — Audits for New Special Taxes

Initiative Constitutional Amendment
A YES vote meansFor special taxes proposed by voter initiatives, the California State Auditor would review the programs the tax funds before the measure reaches the ballot; the auditor would also regularly review programs funded by all special taxes. New special-tax spending might not be excluded from the state's spending limit.
A NO vote meansThe auditor's responsibilities and state spending-limit rules would not change.
Arguments for

Voters deserve independent information about how new taxes would actually be spent before they vote — the State Auditor would audit programs funded by proposed new taxes and publish the results in the Voter Information Guide, plus conduct ongoing performance and financial audits of existing special-tax programs. Backers frame it as "better results for our tax dollars" in an era of high taxes and rising costs.

Signers: California Taxpayers Association, California Society of CPAs, California Asian Pacific Chamber of Commerce, former State Controller Steve Westly.

Arguments against

A billionaire-funded initiative designed to undo the billionaire tax (Prop 40) by adding costly new hurdles and red tape to taxes that fund public services. Opponents argue pre-ballot audits delay or kill needed revenue measures; that the real motive is to protect wealthy donors (including Google co-founder Sergey Brin) from the wealth tax; and that it's an expensive scheme with few practical benefits.

Signer: Suzanne Jimenez, SEIU-United Healthcare Workers West.

What it does: A transparency-and-audit measure aimed at both the Prop 40 wealth tax and future special-tax initiatives — pre-ballot review and permanent ongoing audits of how special-tax money is spent.

Proposition 42 — Ban New Personal-Property & Wealth Taxes Kills Prop 40

Initiative Constitutional Amendment
A YES vote meansThe state could not establish new taxes on the ownership of financial assets or other personal property (and certain retroactive taxes would be barred).
A NO vote meansThe state would continue to have the option to create new taxes on ownership of financial assets or personal property.
Arguments for

California is already the third-most-expensive state to retire in, and a 2026 survey found 73% of Californians know someone who has delayed retirement for financial reasons. Prop 42 protects retirement accounts — 401(k)s, pensions, IRAs — and personal savings from any new wealth or personal-property tax, whether passed by the Legislature or a future ballot measure, and bars certain retroactive taxes. It's a firewall against the wealth tax on Prop 40.

Signers: California Professional Firefighters, State Building & Construction Trades Council, PORAC (peace officers), California Small Business Association.

Arguments against

A billionaire-funded initiative engineered to cancel out the billionaire tax (Prop 40). Opponents say backers — including Sergey Brin, who has spent heavily on these countermeasures — are trying to stop the very wealthy from paying for the services and workforce that built California, and that killing the wealth tax leaves the middle class stuck with higher healthcare costs.

Signer: SEIU-United Healthcare Workers West; cited: U.S. Sen. Bernie Sanders.

What it does: A constitutional firewall against wealth taxes in California — squarely drafted to invalidate Prop 40's billionaires' tax. Also bars certain retroactive tax increases.

Proposition 43 — Two-Thirds Vote for Certain Local Taxes

Legislative Constitutional Amendment
A YES vote meansCertain local government taxes (new "special" or general taxes and rate hikes currently passable by majority vote) would require two-thirds approval by voters.
A NO vote meansThose local taxes could continue to be approved by majority vote.
Arguments for

The "Local Taxpayer Protection Act" responds to California's highest-in-the-nation income, sales and gas taxes. It restores the longtime two-thirds requirement for a defined class of local special and general taxes — protecting homeowners, renters and small businesses from costly new sales, parcel, utility and real-estate levies — and requires that approved tax dollars be spent only for the purposes voters approved, preventing "bait-and-switch" schemes.

Signers: Howard Jarvis Taxpayers Association, California Small Business Association, California Consumer Advocates for Affordability and Safety; pushed by Reform California.

Arguments against

It lets just over one-third of voters (33.4%) block what nearly two-thirds want, undermining majority rule and making it far harder for cities and counties to fund essential services — police and fire, local roads, schools, parks and transit — especially with federal health funding being cut. Opponents argue local officials and voters are already accountable through elections.

Signers: California School Employees Association, Nurse Alliance of SEIU California, and public-safety/health groups.

What it does: Raises the local voter bar for a defined class of taxes (county/city and some district-level levies) from a simple majority to a two-thirds vote.

🩺 Health & Research

Proposition 38 — Immunology & Immunotherapy Research Bond $8.4B bond

Initiative Statute
A YES vote meansThe state could borrow $8.4 billion to support immunology and immunotherapy medical research at California research institutes and universities.
A NO vote meansThe state could not borrow $8.4 billion for immunology / immunotherapy research.
Arguments for

Patient advocates — the Alzheimer's Association, Michael J. Fox Foundation, American Nurses Association-California, ALS Association, Prostate Cancer Foundation and others — argue breakthrough immunotherapies already cure cancers like melanoma and leukemia, and that federal funding cuts threaten progress on Alzheimer's, heart disease, Parkinson's and ALS. The measure includes a 20% discount for Californians on therapies it helps develop, a 2% cap on administrative costs, independent audits and public disclosure.

Signers: Michael J. Fox Foundation, American Nurses Association\California, and a cancer survivor-citizen signatory.

Arguments against

Approximately $8.4 billion in borrowing — primarily through a new UC institute — is not the best way to invest in science. Critics note economic benefits from research generally don't flow back to the state treasury, and that the required price-discount provisions could actually discourage companies from developing therapies here. They say private philanthropy and federal grants already support this research.

Signer: an experienced state fiscal officer who opposes new borrowing.

What it does: GO bond for research into how the body's immune system fights disease. Requires at least $4.2 billion (half) to go to cancer, heart disease, and Alzheimer's research, with administrative costs capped at 2%.

Fiscal: Repaid from the General Fund — LAO estimates roughly $430 million a year for about 30 years (over $13B with interest).

Proposition 44 — Clinics Must Spend 90% on Care

Initiative Statute
A YES vote meansCertain private nonprofit community health ("safety net") clinics would have to spend at least 90% of revenue each year on providing health care services, capping administration and overhead at 10%.
A NO vote meansThe new clinic-spending requirement would not take effect.
Arguments for

Community health clinics receive billions in taxpayer dollars, yet some spend less than half their funding on patient care while large shares go to bloated CEO salaries, lavish events and expensive consultants. Prop 44 requires 90% of revenue go to actual patient care and services — visits, mental health, dental, medications, equipment, translation, outreach — with clinics that fall short paying the state the shortfall.

Signers: initiative proponent Shawna Brown and community-clinic workers.

Arguments against

A "dangerous, poorly drafted" measure that would threaten care for millions of patients. Clinic, physician and nursing groups warn a rigid 90% formula ignores capital needs, mental-health outreach and the real cost structure of safety-net care — and that eliminating the only remaining sources of care in underserved communities would increase wait times and ER reliance.

Signers: American Academy of Pediatrics (California), California Medical Association, California School Nurses Organization.

What it does: Applies to many of the state's community clinics (which receive billions in taxpayer dollars); the Attorney General would define qualifying service spending. Clinics that fall short pay the state a penalty equal to the shortfall, recoverable if they comply within five years.

Fiscal: State enforcement costs in the low tens of millions per year, covered by fees charged to affected clinics.

🌎 Environment & Development

Proposition 45 — Streamline CEQA Review Most-funded measure

Initiative Statute
A YES vote meansCertain public and private projects would be eligible for new, faster review and court-challenge procedures — tightening time limits on environmental review and narrowing what courts can consider in legal challenges.
A NO vote meansProjects would continue under current CEQA review and court-challenge procedures.
Arguments for

California's outdated project-approval system is "too slow, too bureaucratic and too costly," blocking essential housing, water, clean energy, roads, schools, hospitals and wildfire-prevention projects and driving up the cost of living. Prop 45 caps environmental review at 365 days and court challenges at about a year for a defined list of project types — while backers insist it maintains every federal, state and local environmental law, including the Clean Air and Clean Water Acts, and creates tens of thousands of jobs.

Sponsor: California Chamber of Commerce; signers include the Family Business Association and California Children's Hospital Association. Backed by the Building a Better California coalition ($25M+).

Arguments against

Prop 45 limits environmental and public review of major development, weakening communities' right to be heard and letting projects proceed with far less scrutiny of harms to air, water, and public health — including data centers and industrial build-outs. Critics note it contains no requirement to lower housing or utility costs, and that taxpayer dollars would fund cleanup of pollution that less oversight allows.

Signers: Coalition for Clean Air, Physicians for Social Responsibility (Los Angeles), Clean Water Action; $4M+ raised by "No on 45."

What it does: The largest overhaul of the California Environmental Quality Act (CEQA, signed 1970) since its passage. For a defined list of "essential" project types — most housing, transportation, water (new reservoirs, desalination), health, and clean-energy (solar, wind, battery) projects — it sets a 365-day cap on environmental review and requires courts to rule within 270 days (90-day optional extension) on lawsuits. Includes forest-thinning for wildfire risk. Would also cover some broadband/internet projects.

Polling: 73% support in a July PPIC survey (supported by majorities of Dems, Reps, and independents).