Where California Propositions stand as votes are tallied: Prop 40 wealth tax, home loan funds and more

Ballots are still being processed and counted across California, with several important Golden State propositions coming down to the wire, with final certification coming December 11.

For the latest live election updates, follow the LA mayor’s race live updates blog tracking the Karen Bass-Nithya Raman race, and keep refreshing for the newest numbers.

Here’s the latest California propositions:

Prop 40: California billionaires wealth tax

This proposition would impose a one-time 5% tax on the Golden State’s wealthiest residents worth $1 billion or more, with the funds raised designated primarily for healthcare programs.

For most Californians, Prop 40 would have no direct tax impact, but supporters say it could generate tens of billions for public services while opponents warn it could drive ultra-wealthy residents and their businesses out of the state.

Presently the votes are leaning in favor of “No,” at 55.59% compared to “Yes,” voted polling at 44.41%, which means the measure will likely fail.

• Status: Headed for defeat

Prop 3: Provides permanent funding for schools and healthcare

The proposed renewed state income tax increase for education funding initiatives and healthcare extends the state’s current income tax surcharge on high earners beyond its 2031 expiration.

The tax applies to incomes above $371,000 for individuals, and $743,000 for couples, and funds public schools and community colleges.

The extra tax revenue — estimated at $5 billion to $15 billion a year — would benefit K–12 schools and healthcare.

Prop 45: Fast tracks, sets deadlines on environmental review

Aims to streamline the process and tighten the time limits of environmental reviews and approvals from the California Environmental Quality Act, or CEQA, including projects related to new construction, improvements, maintenance, repair or replacement projects, plus infrastructure (think roads and water projects) and energy developments.

Supporters of this proposition insist it would help build housing and infrastructure faster, while opponents argue it would weaken environmental protections.

Prop 39: Voter ID requirement

Requires Californians to show government-issued identification for in-person voting and additional identifying information for mail ballots, along with a sworn citizenship declaration, with the intent to tighten election security rules.

The measure has failed, so California’s current voting rules remain in place, with no required photo ID at polling stations.

Prop 41: Limits on new taxes and audits

Restricts new state taxes whose revenues are excluded from California’s state spending limit. It also requires audits and oversight provisions for programs funded by newly created taxes. In short, it blocks the creation of new taxes that are structured to sit outside the normal spending cap.

• Status: Headed for defeat

Prop 42: Ban on new personal property taxes

Prohibits new taxes on personal property plus certain retroactive tax increases. The measure is designed to limit implementation of the proposed wealth tax. If both measures pass, the one with more votes prevails.

• Status: Headed for approval

Prop 43: Two-thirds vote from local special taxes

Raises the approval requirement for local special tax measures from a simple majority to two-thirds of voters, making it harder to pass local tax increases.

• Status: Headed for defeat

Prop 1: Authorizes bonds for housing affordability programs

This proposition authorizes $11.25 billion in state bonds for affordable housing, with subsequent funds supporting new construction, rehabilitation, preservation of existing housing and veteran home assistance programs.

Prop 37: Homebuyers loan

Creates loan program for middle-income buyers of qualified new homes, allowing people to purchase newly built homes with just 3% down, instead of the standard 20%.

Prop 38: Bonds for immunology medical research

Authorizes $8.4 billion in state bonds to fund biomedical research focused on immune-based treatments for major diseases including cancer, Alzheimer’s disease and heart disease.

• Status: Headed for approval

Prop 44: Requiring community health clinics spend big on services

Mandates federally qualified health centers to spend at least 90% of revenue on patient care and services. Noncompliant clinics would face fines, with funds redirected to workforce training.

Prop 2: Increases California’s Rainy Day Fund

Increases the Golden State budget reserve deposit cap from 10% where it presently stands, to 20% of General Fund revenue. It allows limited use of funds to pay down unemployment insurance debt.

Prop 4: Public campaign fundraising

Would lift a ban prohibiting state, local governments funding of election campaigns, thus authorizing state and local governments to establish publicly funded election systems for candidates.

• Status: Headed for defeat

Prop 5: Changes to recall election rules

Fills recall vacancies by special election, eliminating automatic replacement elections following a successful recall. Offices would remain vacant until a separate election is held, allowin recalled officials to run again.

• Status: Split, with a slight tip toward approval

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