Quick Guide to Propositions
Tax Extension to Fund Education and Healthcare. Initiative Constitutional Amendment.
Tax Extension to Fund Education and Healthcare. Initiative Constitutional Amendment.
Summary
Extends by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000, with revenues allocated to K–12 schools, California Community Colleges, and, in certain years, healthcare. Fiscal Impact: Increased state revenues—$4 billion to $9 billion annually from 2019–2030—depending on economy and stock market. Increased funding for schools, community colleges, health care for low-income people, budget reserves, and debt payments.
Money Raised
Chart depicts total fundraising by all committees primarily formed for and against Prop 55.Totals are updated daily with contributions from Power Search 
and adjustments from the most recent Political Reform Division analysis.
Largest Contributions
Showing the 10 largest contributions to committees formed primarily for and against Prop 55 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
Yes on Prop 55
07/21/2016
07/15/2016
02/11/2016
02/11/2016
05/10/2016
09/12/2016
09/21/2016
10/04/2016
10/13/2016
08/25/2016
No on Prop 55
09/28/2016
10/01/2016
10/01/2016
What your vote means
Yes
A YES vote on this measure means: Income tax increases on high-income taxpayers, which are scheduled to end after 2018, would instead be extended through 2030.
No
A NO vote on this measure means: Income tax increases on high-income taxpayers would expire as scheduled at the end of 2018.
More on Proposition 55
For background on Proposition 55, an analysis by the legislative analyst, endorsements for and against the measure, and more...
- Read the California Voter Information Guide.
Arguments
Pro
Prop. 55 helps children thrive! Prop. 55 prevents $4 billion in cuts to California’s public schools, and increases children’s access to healthcare, by maintaining current tax rates on the wealthiest Californians—with strict accountability requirements. We can’t go back to the deep cuts we faced during the last recession. www.YesOn55.com
Con
VOTE NO ON 55—TEMPORARY SHOULD MEAN TEMPORARY. Voters supported higher taxes in 2012 because Governor Brown said they would be TEMPORARY. State budget estimates show higher taxes are not needed to balance the budget, but the special interests want to extend them to grow government bigger. TELL THEM NO.
Campaigns
For
Yes on 55—Californians for Budget Stability
1510 J Street, Suite 210
Sacramento, CA 95814
(916) 443-7817
info@protectingcalifornia.com
www.YesOn55.com
Against
www.hjta.org