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

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - The total level of these state costs would vary year-to-year but would likely range from the millions to tens of millions of dollars annually. Other Fiscal Effects. The measure could have additional fiscal effects on state and local governments.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 20, 2026 - These increased costs are uncertain but would likely be in the tens of millions of dollars annually. 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

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

Jan 27, 2026 - 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. New taxes on the ownership of financial assets or other personal property would not be allowed.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

Jan 20, 2026 - These costs would vary from year-to-year, but would likely range from the millions of dollars to the tens of millions of dollars annually —but could reach into the low hundreds of millions of dollars annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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

Jan 20, 2026 - Costs would vary from year to year but would likely be in the tens of millions of dollars annually. These costs would genera lly be paid by new revenues from fees, assessments, and penalties authorized by the measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - The net effect on county administrative costs is unclear but likely would not exceed the low tens of millions of dollars annually. Summary of Fiscal Effects. We estimate that this measure would have the following major fiscal effects: Many homeowners ages 60 or older would pay lower property taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

Special taxes. [Ballot]

Jan 27, 2026 - If such an initiative were rejected by voters or received 25 percent of required signatures but ultimately did not qualify for the ballot, the state General Fund would pay the cost of the one-time audit, likely varying case to case but totaling in the range of the low millions of dollars for each two-year election cycle.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040