Ballot measure · California · November 3, 2026

Proposition 2

Title as the state lists it: Increases State’s Rainy Day Fund. Legislative Constitutional Amendment.1,2,3,4

Research draftReferred by the legislatureConstitutional amendment
How it got there
Referred by the legislature
Kind of measure
Constitutional amendment
To pass
A majority of the votes on it
Researched
October 27, 2026

Research draft. We gathered this from official sources on October 27, 2026: election offices, state laws and court records, each linked to its source. Separate reviewers checked a random sample of 48 facts from the ballot-measure research against the cited sources and found no errors. The rest hasn't been reviewed fact by fact yet, so check the linked source before relying on anything here.

§1What your vote means

Drafted by AI from the public sources cited. Each sentence links to its source.

A yes vote

A yes vote would amend the state constitution to require deposits into the state’s rainy day fund until it reaches 20 percent of General Fund taxes instead of 10 percent, extend required extra debt payments from 2030 to 2040, and stop counting rainy day fund deposits toward the state spending limit until the money is withdrawn.3,4

A no vote

A no vote would keep the current rules: required rainy day fund deposits stop once the fund reaches 10 percent of General Fund taxes, required extra debt payments end in 2030, and deposits keep counting toward the state spending limit when they are made.3,4

§2How it got on the ballot

Referred by the legislature. The legislature voted to put it on the ballot.1,2,3,4

Constitutional amendment. It would change the state constitution.1,2,3,4

It is on California's list of statewide measures for November 3, 2026.1,2,5 One of these official sources itself calls the list certified or final. What we couldn't confirm about the list is in the notes on California's measures.

§3What it needs to pass

Drafted by AI from the public sources cited. Each sentence links to its source.

A majority of the votes on it. A constitutional amendment proposed by the Legislature passes if more voters vote yes than no on it.6,7 Where in the source: ACA 13, Legislative Counsel’s Digest