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 ’s new tax could have many effects on the state ’s economy. For example, some share of the between 4,000 and 9,000 taxpayers with annual incomes above $10  million likely would try to reduce the amount of their income in California to avoid paying more taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001

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

Jan 27, 2026 - Background State Finances Organized Into General Fund and Many Other Funds. The state budget is made up of many different funds. The General Fund is the state ’s main operating account and pays for most public services including education, health care, and prisons.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

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

Jan 27, 2026 - Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks. Proposal No New Taxes on Financial Assets or Other Personal Property.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - We estimate that this measure would have the following major fiscal effects: Many homeowners ages 60 or older would pay lower property taxes. This would reduce revenue for local governments and schools by $12 billion to $20 billion per year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - If these decisions change the profits of these companies or how many people they employ in California, it would affect state and local tax revenues. Whether this would occur is uncertain. Summary of Major Fiscal Effects.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - Many companies use AI in products designed for consumers. These products range from tools built for specific purposes to more general systems that can hold conversations with users on a wide range of topics.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 20, 2026 - The magnitude of these effects would depend on several unknown factors, including how many entities are regulated under the measure, how the commission implements its authority, how regulated entities respond to the measure ’s requirements, and the extent to which provisions of the measure are upheld under state and federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - The magnitude of these effects would depend on several unknown factors, including how many entities are regulated under the measure, how the commission implements its authority, how regulated entities respond to the measure ’s requirements, and the extent to which provisions of the measure are upheld under state and federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034