California Statewide Ballot Propositions
Fourteen measures, in ballot order — November 3, 2026
View all 14 measures in a unified table →Prepared by Indivisible El Dorado · Campaign finance figures current as of September 10, 2026
This year's ballot features bonds for housing, immunology research, and down-payment help; an extension of the high-earner income tax for schools and health care; a billionaire wealth tax (Prop 40) and two counter-measures (Props 41 & 42); plus Voter ID, campaign financing, recall reform, clinic spending, and more. Select a tab below for the full breakdown of each measure. Dollar figures are aggregated top-contributor totals from the FPPC and understate total fundraising.
The official title, campaign finance figures and Legislative Analyst fiscal estimates are sourced and neutral. The “Who benefits / Who bears the cost” lines are Indivisible El Dorado’s own assessment, not the analyst’s. Reasonable people read these measures differently — follow the analysis links and decide for yourself.
Props 40, 41 and 42 conflict with one another: 41 and 42 were written to cancel 40.
Who Supports?
Gov. Newsom, Democratic legislators, California Apartment Association, AFL-CIO California. Two committees: Yes on Prop 1 — Californians for Homes, Jobs and Affordability ($3.61M; top donor Building a Better California, plus MidPen Housing $350K, Merritt Community Capital $250K, Self-Help Enterprises $200K, Silicon Valley Community Foundation $200K, San Francisco Foundation $200K, Adobe Services $150K, Jamboree Housing $150K) and Californians for Affordable Homes, sponsored by the NPH Action Fund ($1.03M; California Democratic Party is top donor to its Political Issues Committee).
Who Opposes?
Republican state legislators. No opposition committee has reached the $1 million FPPC reporting threshold.
Cost to Taxpayers / Revenue (LAO)
Increased state cost of $500–$600 million annually for about 25 years to repay the bond. The $1.25B veterans portion is repaid by participating veterans, at no direct state cost.
Who Supports?
Gov. Newsom and legislative Democrats. No committee has reached the $1 million reporting threshold.
Who Opposes?
Legislative Republicans. No committee has reached the $1 million reporting threshold.
Cost to Taxpayers / Revenue (LAO)
No new tax. Requires deposits until reserves reach 20% of General Fund taxes (now 10%) and extends extra debt payments through 2040. Net effect: state budget reserves would be higher.
Who Supports?
Indivisible CA: StateStrong, California Teachers Association, California Federation of Teachers, California School Employees Association, AFSCME. Committee: Yes on Prop 3 (top donors: CTA Issues PAC $18.28M; NEA $4M; CFT $1.75M; California School Employees Association $1.5M; SEIU California $1M; SEIU Local 721 $250K; SEIU Local 1000 $250K; Assn of CA School Administrators $100K; AFSCME $500K).
Who Opposes?
California Taxpayers Association. No opposition committee has reached the $1 million reporting threshold.
Cost to Taxpayers / Revenue (LAO)
Maintains $5–$15 billion per year in state income tax revenue that would otherwise expire in 2031. Roughly 40% flows to K-12 schools and community colleges.
Who Supports?
Indivisible CA: StateStrong, California Common Cause, California Clean Money Campaign, League of Women Voters of California, ACLU California Action. No committee has reached the $1 million threshold.
Who Opposes?
California Taxpayers Association. No committee has reached the $1 million threshold.
Cost to Taxpayers / Revenue (LAO)
Ongoing state cost of a few hundred thousand dollars per year (FPPC guidance). Creates no program itself; costs of any future state or local program would depend on later decisions and could be significant.
Who Supports?
Indivisible CA: StateStrong, League of Women Voters of California, California Common Cause, Secretary of State Shirley Weber. No committee has reached the $1 million threshold.
Who Opposes?
Election Integrity Project California. No committee has reached the $1 million threshold.
Cost to Taxpayers / Revenue (LAO)
Net effect unknown. In the event of a recall, state and local savings or costs of millions of dollars, depending on which office is recalled and whether a standalone special election is needed.
Who Supports?
Building a Better California ($6M), California Association of Realtors and its Issues Mobilization PAC, National Association of Realtors, Carpenters unions, former Sen. Bob Hertzberg. Committees: Yes on 37 — California Homeownership ($17.7M; co-lead funders CA Assn of Realtors IMPAC $6M and Building a Better California $6M) and Homeownership for Families ($7M; CA Assn of Realtors IMPAC $5M + National Assn of Realtors $2M).
Who Opposes?
No organized opposition identified; no committee has reached the $1 million reporting threshold.
Cost to Taxpayers / Revenue (LAO)
No direct state or local costs. Up to $25 billion in revenue bonds would be repaid by participating homebuyers' loan payments, not the General Fund.
Who Supports?
Dr. Gary Michelson, who is effectively the entire campaign: $8.2M given directly, $13M routed through the Michelson Center for Public Policy 501(c)(4), and $10M more into that nonprofit. Also Meyer Luskin ($5M), ALS Association, Alzheimer's Association, Blood Cancer United.
Who Opposes?
Robert Kaplan, former associate director of the National Institutes of Health. No opposition committee has reached the $1 million threshold.
Cost to Taxpayers / Revenue (LAO)
Increased state cost of $500–$600 million annually for about 20 years to repay the bond, with some or all offset if funded research generates revenue.
Who Supports?
Reform California (Carl DeMaio, $3.04M), Californians for Voter ID, Rep. Ken Calvert. Largest donor: Richard Uihlein of Wisconsin, $10.5M; also Nicole Shanahan, Douglas Leone, the Winklevoss brothers.
Who Opposes?
Indivisible CA: StateStrong, League of Women Voters of California, ACLU California Action. Two committees: No on 39 — Block Election Rigging ($8.52M; Federated Indians of Graton Rancheria $2M, California Democratic Party $1,000,808, Reed Hastings $1M, SEIU Local 2015 $1M, CA State Assn of Electrical Workers $500K, Western States Carpenters $500K, NorCal Laborers $500K, CA State Council of Laborers $500K, SEIU California $512,500, State Pipe Trades Council $500K, CTA $500K) and No on Prop 39 — Californians for Voting Rights, sponsored by California Donor Table and the ACLU of Northern California ($3.76M; Patty Quillin $1.5M, Quinn Delaney $1.5M, ACLU NorCal $465,856, Wendy Munger $100K).
Cost to Taxpayers / Revenue (LAO)
State and local costs of tens of millions to low hundreds of millions of dollars each year to implement. Some offsetting savings possible from a smaller voter roll, but likely less than the costs.
Props 41 and 42 are both funded by the same donors and both are written to cancel this measure. If either one passes with more “yes” votes than Prop 40, courts could find them in conflict and block Prop 40 from taking effect — even if Prop 40 also passes.
Who Supports?
Indivisible CA: StateStrong, Sen. Bernie Sanders, Teamsters California, AFSCME California. SEIU–United Healthcare Workers West is the sole major funder, through the Yes on 40 — Billionaire Tax Now — No on 41 & 42 committee, sponsored by SEIU-UHW.
Who Opposes?
Gov. Newsom, California Teachers Association, California Primary Care Association, California Medical Association. Committees: No on Prop 40 ($29.7M — Building a Better California $29.5M, the Brin and Doerr vehicle) and Golden State Promise ($10.45M — Ripple Labs $5M, Chris Larsen $5M).
Cost to Taxpayers / Revenue (LAO)
Temporary revenue increase of tens of billions of dollars spread over several years (90% must go to health care). Possible ongoing loss of under $1 billion per year in income tax revenue. Administration costs paid from the new revenue.
This measure is explicitly designed to counteract the Prop 40 billionaire wealth tax. If it passes with more “yes” votes than Prop 40, courts could find the two in conflict and block Prop 40 from taking effect even if it also passes.
Who Supports?
Building a Better California ($58.25M — funded chiefly by Sergey Brin and John Doerr), Reform California, California Chamber of Commerce.
Who Opposes?
Indivisible CA: StateStrong and the proponents of the billionaire tax (SEIU–UHW and allies). The Yes on 40 committee is registered as formally opposing this measure.
Cost to Taxpayers / Revenue (LAO)
Net fiscal effect unknown. Increased State Auditor costs for new one-time and ongoing audits, mostly paid from the special-tax revenues themselves. May limit the state's ability to exclude new special-tax spending from its spending limit.
This measure is explicitly designed to counteract the Prop 40 billionaire wealth tax. If it passes with more “yes” votes than Prop 40, courts could find the two in conflict and block Prop 40 from taking effect even if it also passes.
Who Supports?
Building a Better California ($64.25M — the same Brin and Doerr vehicle funding Prop 41), Reform California, California Chamber of Commerce, State Building and Construction Trades Council of California.
Who Opposes?
Indivisible CA: StateStrong and the proponents of the billionaire tax (SEIU–UHW and allies). The Yes on 40 committee is registered as formally opposing this measure.
Cost to Taxpayers / Revenue (LAO)
No immediate cost or revenue. Possibility that state tax revenues will not grow as much in the future, because the state loses the option of taxing asset ownership or enacting most retroactive taxes.
Who Supports?
California Business Roundtable Issues PAC ($9.85M), Howard Jarvis Taxpayers Association ($1.04M), commercial real estate interests (Kilroy Realty $1M, Douglas Emmett $1M).
Who Opposes?
Indivisible CA: StateStrong. No on Prop 43 — Stop the Local Taxpayer Deception Act, sponsored by labor organizations ($1.6M: Western States Carpenters $500K, SEIU California $500K, CA Professional Firefighters $250,500, AFSCME $250K across two committees, NPH Action Fund $100K).
Cost to Taxpayers / Revenue (LAO)
No state cost. Possibility that local government tax revenues will not grow as much in the future because of the higher vote threshold. Actual impact depends on future local measures.
Who Supports?
SEIU–United Healthcare Workers West, the sole major funder, through Californians for Responsible Healthcare.
Who Opposes?
California Primary Care Association, California Medical Association, Planned Parenthood Affiliates of California, California Teachers Association, and individual clinics (AltaMed $5.47M, TrueCare $1M, Innercare $1M, Neighborhood Healthcare $920,550, Community Health Center Network / Alameda Health Consortium $779,410, WellSpace Health, North East Medical Services, Family Health Centers of San Diego, San Ysidro Health).
Cost to Taxpayers / Revenue (LAO)
Increased state enforcement costs in the low tens of millions of dollars per year, covered by fees charged to affected clinics. Other uncertain state and local costs if clinics raise service spending or close.
Who Supports?
California Chamber of Commerce, Building a Better California ($10M), California Building Industry Association ($7.6M in the main committee plus $4.07M in a separate committee), Edison International ($2M), California Association of Realtors ($1.5M), PG&E, California Hospitals Committee on Issues, California Resources Corporation, CalChamber Non-Donor Funds ($2M), CA Business PAC ($1.35M — CRC Services / PG&E), Building Resilient Infrastructure PAC ($500K — PG&E-funded). Main committee: Yes on 45 — Building a More Affordable California.
Who Opposes?
Indivisible CA: StateStrong, Clean and Healthy California — a coalition of environmental organizations ($7M), State Building and Construction Trades Council of California ($4M across two affiliated PACs), District Council of Iron Workers ($500K). Wendy Schmidt is giving $5M directly. Committee: No on Prop 45, sponsored by labor, health and environmental organizations.
Cost to Taxpayers / Revenue (LAO)
Initial state and local costs likely in the high tens of millions annually, potentially over $100 million, partly covered by applicant and filing fees. Longer-term effects uncertain and potentially larger, in either direction.
How to read the money columns. Dollar figures are aggregated top-contributor totals reported to the California Fair Political Practices Commission (FPPC) for committees primarily formed to support or oppose each measure, current as of September 10, 2026. They cover only committees that have raised $1 million or more and count only contributors of $10,000 or more, so they understate total fundraising and exclude smaller committees entirely. "No reported spending" means no qualifying committee has crossed that threshold — not necessarily that no money has been raised. Final pre-election reports are filed in October; figures will rise.
Note on Props 40, 41 and 42. These three interact. If Prop 41 or Prop 42 passes with more "yes" votes than Prop 40, courts could find them in conflict and block Prop 40 from taking effect even if it also passes.
Sources. Official titles: California Secretary of State, Qualified Statewide Ballot Measures (sos.ca.gov). Fiscal estimates: Legislative Analyst's Office ballot analyses for the November 3, 2026 election (lao.ca.gov), which note that materials were subject to court ordered changes through August 10, 2026. Supporters and opponents: CalMatters 2026 Voter Guide. Endorsements: Sierra Club Angeles Chapter. Polling: Berkeley IGS, Aug 17 2026. Campaign finance: FPPC Top 10 Contributor lists, November 2026 General Election, and CA Secretary of State Cal-Access.
◆ Presented by Indivisible El Dorado. For informational purposes only. This document does not constitute an official endorsement.