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California tax collections remain strong
Possible surplus and major budget choices await new governor and legislature
Governor-elect Becerra must quickly confront state budget mess Newsom left behind
Xavier Becerra has won California's race for governor. Just days after he is inaugurated in January, he will have to submit a new budget. He faces a stark choice.
Billions on the line for schools as voters decide Prop. 3 high-income tax
Proposition 3 would make permanent an income tax on the wealthy to fund K-12 schools and other services.
Will Californians vote to save more tax revenue in rainy day fund?
Prop. 2 would allow California leaders to sock away up to 20% of the state’s general fund tax revenue, double the current cap of 10%. It would also require the state to save more when revenue is growing faster.
Californians vote on nation’s first wealth tax on billionaires
Some of the state’s wealthiest residents have spent hundreds of millions to defeat Prop. 40, the “billionaire tax.”
Supporters say billionaires should pay their “fair share” and help fund social services.
3 bonds are on the California ballot. Here’s a last-minute voter guide to make sense of them
Californians will decide on $44 billion in bonds when the vote on Propositions 1, 37 and 38. They'd take out debt to pay for housing and medical research.
California has more revenue than expected thanks to AI. Should the state save it?
Proponents say Prop. 2 would allow the state to shore up its reserves for an economic downturn. Critics say it would only allow state leaders to spend more in the future.
Why the fate of California’s wealth tax could be decided well after the election
Proposition 40 has a gauntlet to run to succeed, including surviving two poison-pill propositions. If it passes, it will probably be challenged in court.
