California voters will decide on five proposals during the November 3 midterm elections that could affect approximately $155 billion, according to a projection by The Center Square.
However, that figure does not mean families will face an equivalent amount in new taxes. The measures would affect state debt, taxes, housing, and public services in different ways.
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Propositions 1, 2, 3, 37, and 40 will be among the economic decisions placed before California voters in November.
The measure would cost the state approximately $500 million to $600 million annually for about 25 years, according to the official fiscal analysis.
The midterm elections arrive on November 3. Although the president is not being elected, important positions and decisions for the country's future will be at stake. Inform yourself, register, and vote. 09/09/26
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Two of the most significant tax measures would primarily target high-income residents, rather than middle-income families.
However, critics warn that higher taxes on large fortunes could encourage some wealthy taxpayers to leave California, potentially reducing other sources of state revenue.
California Ballot Propositions 2026: $155 Billion at Stake in November – PHOTO: Shutterstock Housing Will Also Be at Stake in November. For some working families, one of the proposals could offer a more direct opportunity:
Proposition 37 would authorize $25 billion in bonds to assist eligible first-time homebuyers.
The November 3 elections involve more than choosing representatives: Voters will also decide how California raises, saves, borrows, and allocates billions of dollars over the coming years.
