The November 2024 election is slated to be an important one for taxpayer advocates in California. According to Secretary of State Shirley N. Weber, an initiative proponents refer to as “The Taxpayer Protection and Government Accountability Act” has qualified for the general election ballot. The initiative would require voter approval for new or increased taxes enacted by the legislature and would reinforce the protections under Prop 13 to strengthen the threshold for voter approval of local special taxes to two-thirds.
What's in a name? Potentially a huge vote margin. Gov. Newsom proclaimed a special session to tackle excessive oil company profits--and we note that his proclamation referred to "a financial penalty on excessive margins", not a "tax. Read how this distinction could make a difference in the number of votes required to approve it.