California’s 2026 ballot pits wealth taxes, housing funding, and voting rules on the line

California voters will decide 14 statewide propositions on the November ballot, including a billionaire wealth tax and its anti‑tax “poison pills,” a major $11.25 billion affordable housing bond, public campaign financing, a voter-ID requirement, and a suite of tax/financing and governance reforms (including a permanent high‑income tax for schools and healthcare, a homeownership down‑payment program, and CEQA reforms). Campaigns have already raised well over $100 million, and the wealth-tax proposal faces opposition from Gov. Newsom and others who warn it could drive out residents or hinder budgeting.