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

Jan 27, 2026 - California residents pay state income taxes on all their income, including wages, investment income, and capital gains, even if the income was earned outside the state. Nonresidents Pay Tax on California-Earned Income.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

The right to boycott or engage in other activities to express opposition to the policies of the state of Israel toward Palestinians. [Ballot]

Sep 30, 2025 - Places Specific Restrictions on Public Investment and Retirement Funds. The measure places restrictions on public investment and retirement funds as well. Specifically, the measure prohibits public investment or retirement funds from adopting policies that infringe upon or restrict the right to support BDS activities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-011

Housing assistance program for certain University of California employees. [Ballot]

Oct 27, 2025 - Typically, UC borrows some funds from its Short-Term Investment Pool (STIP) to issue home loans. STIP holds cash from tuition, fees, state funds, and other revenues. UC places these funds in safe, short-term investments so it can generate interest until the funds are spent for university purposes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-018

New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - A person ’s net worth is the value of all the things they own, like stocks, businesses, or other investments, minus their debts. By this measure, California is home to a few hundred people with wealth over $1  billion, often called billionaires.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

Personal income tax rates for high-income taxpayers. [Ballot]

Oct 20, 2025 - This is because much of the revenue comes from taxing investment income and capital gains. These types of income are closely tied to the stock market and therefore go up and down a lot from year to year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-016

Public sector unions and collective bargaining. [Ballot]

Sep 28, 2021 - Investment Returns. Investment returns are the biggest component of defined benefit funding. In the case of CalPERS, the system reports that most pension benefits paid to retirees are paid from investment returns.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-008

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - To the extent these changes affect company profits, investment decisions, or employment levels in California, state and local tax revenues could be affected. Summary of Major Fiscal Effects . We estimate that the measure would have the following major fiscal effects: Increased state regulatory and enforcement costs that would likely range from the millions to tens of millions of
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 20, 2026 - 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. If such changes affect company profits or employment levels in California, it would affect state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - 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. If such changes affect company profits or employment levels in California, it would affect state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Funding for students attending private schools. [Ballot]

Oct 13, 2021 - These pensions are funded by annual contributions from public schools, employees, and the state, as well as income from investing contributions in stocks and other assets. The state contribution consists of two components.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-011