Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - The measure ’s changes could affect counties ’ costs to do so. 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.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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

Jan 27, 2026 - The measure restricts the options the state and local governments have to raise taxes in the future. This could make it somewhat harder for them to raise taxes. This could reduce f uture tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - The measure could have additional fiscal effects on state and local governments. 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

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

Jan 20, 2026 - This measure could impact state and local tax revenues by influencing how AI companies operate in California. For example, California-based companies could make changes to their r esearch, development, or investment decisions in response to the measure ’s oversight and compliance requirements.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - This measure could impact state and local tax revenues by influencing how AI companies operate in California. For example, California-based companies could make changes to their r esearch, development, or investment decisions in response to the measure ’s oversight and compliance requirements.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Special taxes. [Ballot]

Jan 27, 2026 - The State Auditor is an independent and nonpartisan office in state government that evaluates state and local governments ’ financial and operational activities. The State Auditor ’s work includes financial and policy evaluations (also known as performance audits) where the auditor assesses the extent to which a governmental entity efficiently and effectively carries out requirements in law.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

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