California Legislative Analyst's Office

Rule Changes

Projected 'tens of billions' in revenue and warned of income-tax losses

California voters rejected Proposition 40, a one-time 5% tax on the net worth of residents worth more than $1.1 billion. The measure lost about 56% to 44% after a campaign that drew more than $330 million in opposition spending.

Updated Yesterday

Rule Changes

Estimated costs of Proposition 45

Voters in at least ten states decided more than 40 questions about energy, water, conservation and data centers on Nov. 3. The pattern was consistent: measures sponsored by an industry lost, and measures to restrict data centers or fund water systems won.

Updated 3 days ago