California · Constitutional amendment · put on the ballot by the legislature · Nov 3, 2026
Proposition 2
Increases State's Rainy Day Fund
What it says
Increases California's Rainy Day Fund, approved by voters in 2014, to provide funding for education, health care, public safety, and other essential services during economic downturns. Doubles the budget reserve cap from 10% to 20% of General Fund revenues, requiring savings until Fund's balance equals 20% of General Fund. Requires additional savings in years when tax revenues are high. Increases budget reserves available for education, state debts, and pension obligations.
This is a summary from the state's own official materials, shown as published. Read the full text at the source, and check your state's election office for the final word on what is on your ballot. Official source ↗(opens in a new tab) Download the official file ↗(opens in a new tab)
Other measures in California
- Proposition 1 · Authorizes Bonds for Housing Affordability Programs
- Proposition 3 · Provides Permanent Funding for Schools and Health Care by Extending Existing Tax on High Incomes
- Proposition 4 · Repeals Prohibition Against Public Funding of Election Campaigns
- Proposition 5 · Changes Recall Election Process for Statewide Officers
- Proposition 39 · Prohibits Citizens from Voting Unless They Present Government-Issued Identification
- Proposition 40 · Imposes One-Time Tax on Certain Taxpayers
- Proposition 41 · Prohibits New State Taxes That Exclude Revenues From State Spending Limit; Requires Audits for New State Special Taxes
- Proposition 37 · Creates Loan Program for Middle-Income Buyers of Qualified New Homes
- Proposition 38 · Authorizes Bonds for Immunology Medical Research
- Proposition 44 · Requires Community Health Clinics to Spend 90% of Revenue on Program Services
- Proposition 45 · Modifies Environmental Review for Certain Projects
- Proposition 42 · Prohibits New State Personal Property Taxes and Certain Retroactive State Taxes
- Proposition 43 · Limits Voters' Ability to Raise Revenues for Local Government Services