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

New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - Likely Ongoing Decrease in State Income Tax Revenues. California billionaires, like all those earning money in the state, currently pay state taxes on their annual income. How billionaires respond to a new wealth tax could indirectly reduce their income tax payments.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

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

Congressional districts in California. [Ballot]

Dec 29, 2025 - Accordingly, if the measure were approved by voters in November 2026, it likely would result in minimal costs to counties of less than a few hundred thousand dollars statewide to revert back to the Commission ’s 2021 Congressional maps.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-031

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

Rideshare companies. [Ballot]

Dec 17, 2025 - The increased costs likely would range from the low tens of millions of dollars to the mid-tens of millions of dollars annually. The measure intends for these costs to be covered primarily through fees paid by rideshare companies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-029