California · Ballot measure
Proposition 2: State rainy day fund
On the ballot: November 3, 2026 Legislative constitutional amendment
A YES vote means
The state would keep saving in its rainy day fund until it reaches 20% of General Fund taxes (instead of 10%) and would make extra debt payments through 2040 (instead of 2030).
A NO vote means
The current rules for building state budget reserves and making extra debt payments would not change.
Who supports it
- California Hospital Association
- California Primary Care Association
- California Professional Firefighters
- Jesse Gabriel (D)
- Los Angeles Area Chamber of Commerce
Who opposes it
- David J. Tangipa (R)
- Reform California
- Steven S. Choi (R)
From official campaign filings and public endorsements, each linked on the full page (checked October 30, 2026). Not complete; not an endorsement.