2026 State Ballot Propositions
Below are summaries of the upcoming November Ballot Initiatives. We will update with OCTax's position as applicable.
PROP 1
The Veterans and Affordable Housing Bond Act of 2026
Authorizes $11.25 billion in state general obligation bonds to fund affordable housing, homeownership programs, and housing assistance for veterans and other Californians.
Raises the maximum balance the state can hold in the Budget Stabilization Account from 10% to 20% of General Fund tax revenues and exempts reserve deposits from the state's constitutional spending limit.
PROP 2
Save for California’s Future Act
PROP 3
Tax implementation
Makes permanent the existing tax on high-income earners to provide ongoing funding for K–12 schools, community colleges, healthcare, and other state programs.
Establishes a voluntary public campaign financing program for candidates seeking statewide elected office to reduce reliance on private campaign contributions.
PROP 4
California Fair Elections Act of 2026
PROP 5
Recall Elections
Changes California's process for recalling state elected officials by eliminating the simultaneous election of a successor and filling vacancies according to existing constitutional succession rules.
Creates a state funded loan program supported by up to $25 billion in bonds to provide low interest mortgages for eligible middle income Californians purchasing qualifying new homes.
PROP 37
Housing Bond for Loan Program
PROP 38
Funding for Immunology and Immunotherapy Research
Authorizes $8.4 billion in state general obligation bonds to fund immunology and immunotherapy research at UC affiliated and public or nonprofit research institutions, with requirements for disease focused allocation and discounted in state pricing for resulting treatments.
Amends the California Constitution to require additional voter identification and citizenship verification measures, including government-issued ID at polling places or verification for mail voting, and mandates annual county reporting on voter citizenship verification, while increasing election administration costs for state and local governments.
PROP 39
Voter Identification
PROP 40
Income Tax
Imposes a one time tax of up to 5% on individuals and trusts with assets over $1 billion, allocating revenues to healthcare and education related programs, with offsetting reductions in state income tax revenues.
Requires audits of programs funded by new state special taxes and prohibits new state taxes from excluding revenues from voter approved spending limits.
PROP 41
State Tax Auditing
Prop 42
State Tax on Property
Prohibits new state taxes on personal property and limits retroactive taxation, potentially reducing future state tax revenues.
Requires a two thirds voter approval for local special taxes and restricts local governments’ ability to impose or increase certain taxes.
Prop 43
Voter Approval
Prop 44
Community Health Clinic Spending
Requires community health clinics to spend at least 90% of revenue on patient and program services, with state enforcement, reporting requirements, and penalties for noncompliance.
Reforms CEQA to streamline environmental review and permitting for "essential projects" such as housing, clean energy, water, infrastructure, and public-safety facilities.
