Proposition 55

Tax Extension to Fund Education and Healthcare. Initiative Constitutional Amendment.

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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.

Semi-Official Election Results:

Yes votes: 5,332,449 [62.1%]

No votes:3,254,631 [37.9%]

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