California voters weigh Prop. 3 to make high-income tax permanent
The gist
Californians vote Nov. 3, 2026 on Proposition 3, making high-income tax rates permanent instead of expiring in 2031.
It would raise $5 billion to $15 billion yearly, about 40% for schools.
How it unfolded
- 2012Voters approved Proposition 30 to temporarily raise income tax rates on high-income taxpayers, with the ballot argument calling the taxes temporary and necessary to protect schools and safety.
- 2016Voters approved Proposition 55 to extend the higher rates until 2030.
- 2024Revenues from the higher rates grew to nearly $12 billion.