A “yes” vote supports amending the state constitution to indefinitely extend the top marginal tax rates (ranging from 10.3% to 12.3%) set to expire in 2031 on single filers earning at least $361,000 or joint filers earning at least $721,000, with 89% of revenue allocated to K–12 schools and 11% to community colleges.

David Goldberg, pre…Read More

A “no” vote opposes this amendment to change rules governing the state’s rainy day fund, extra debt repayment, and fiscal state of emergencies.

State Asm. Joe Patterson (R-5):

“We don’t have a rainy day fund in California. All this does is create a bigger slush fund for money to be used the following years instead of returning the mon…

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A “yes” vote supports this amendment to:

• increase the Budget Stabilization Account (BSA) cap from 10% to 20% of estimated general fund proceeds of taxes;
• increase deposits into the BSA by counting capital gains revenue above 10% of general fund proceeds of taxes at 150% of its value in the deposit calculation; extend through the 2039-40 f…

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