Special taxes. [Ballot]

Jan 27, 2026 - Net costs or savings resulting from the measure would depend on (1) how many special tax initiatives qualify for a one-time audit but are not approved by voters, (2) the number of pages that are added to the Voter Information Guide each election cycle, and (3) the level of savings that are identified and implemented as a result of the audits.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

Elections and the initiative process. [Ballot]

Mar 23, 2026 - The measure specifies how revenues generated from this tax would be used. Specifically, the measure would require that first, $40  million of the revenue collected be transferred to the General Fund each year.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001

The applicability of tax increases to the state’s constitutional requirements. [Ballot]

Jan 27, 2026 - Special funds receive dedicated revenues that must be spent on specific purposes, like on maintaining highways or for mental health services. Most State Revenues Are Taxes. Taxes are a type of revenue that can be used to support any public purpose.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

Temporary tax increases. [Ballot]

Jan 27, 2026 - Fiscal Effect Some Chance That State Revenues Will Be Lower in the Future. The measure would make short-term tax measures harder to pass. This has a chance of reducing future state revenues. When and by how much future revenues would be reduced is unclear .
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - This could reduce f uture tax revenues. When and by how much future revenues would be reduced is unclear. Summary of Major Fiscal Effects. This measure would have the following major fiscal effects: Possibility that tax revenues will be lower in the future.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - This would result in decreased state income tax revenues of an unknown amount. Increased State Income Tax Revenues From New Tax on High-Income Nonresidents. High-income nonresidents who spend more than two months in the state would pay increased state income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Over time, these revenue losses would grow by 5 to 10 percent per year. About half of the revenue losses would go to cities, counties, and special districts. The other half would go to schools. In some years, the state could face additional cost pressures to provide mon ey to schools to offset their revenue losses.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Fund revenues would include initial registration fees, annual assessments, and civil penalties. Initial registration fees are tiered based on a company ’s California-derived revenue. Annual assessments are based on up to 0.5 percent of California-derived revenue or, in some cases, on California AI research and development expendit ures.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - These costs would generally be paid by new revenues from assessments authorized by the measure; however, there could be initial costs to the state General Fund, likely in the range of millions to te ns of millions of dollars, to begin these efforts in advance of future revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - Enforcement actions could generate civil penalty revenue for the state, though the amount of any such revenue is uncertain and would depend on the number and severity of violations and the outcomes of enforcement actions.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036