2026 California Ballot: Proposition 3

Proposition 3: Allows the state of California to make already voter-approved high tax rates permanent for high-income earners (individuals earning over $371,000 annually).

According to CalMatters:

• California voters approved the high tax increases for high-income earners in 2012. Unless Proposition 3 is passed, this tax increase will expire in 2031.
• Of the money collected from these taxes, 89% percent of the money goes to K-12 public schools and 11% goes to community colleges, with any excess going to public healthcare.
• Opposers of this proposition say California already has some of the highest tax rates in the country, and making the measure permanent could sway some residents out of the state.

FISCAL IMPACT: Maintains $5 billion to $15 billion of annual state income tax revenue by making a temporary tax increase on high-income earners permanent instead of letting it expire in 2031.

"Yes" Vote:  The state would maintain an income tax increase on high-income earners, instead of expiring in 2031.

"No" Vote:  The income tax increase current set on high-income earners would expire in 2031.

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