Rules for building state budget reserves and paying down extra state debts would change. As a result, state budget reserves would be higher. The state also would be required to make extra debt payments for longer.
PROP2
California · November 3, 2026 · voter guide
INCREASES STATE’S RAINY DAY FUND.
Increases California’s Rainy Day Fund, approved by voters in 2014, to provide funding for education, health care, public safety, and other essential services during economic downturns.
What your vote means
Yes or No, in the state's words
Rules for building state budget reserves and paying down extra state debts would not change.
What the state says it may cost or change
State budget reserves would be higher.
Read the full analysis
The Quick Reference Guide does not publish a separate current-law sentence for this proposition. Election.org does not infer one. The Legislative Analyst's analysis in the official proposition PDF explains the baseline law.
Open official analysis ↗Placed by the Legislature
The official guide labels this measure as put on the ballot by the Legislature. This is a source classification, not an Election.org judgment.
Results are separate from this guide
This voter-guide record does not include election results. Missing totals are not zero votes.
California results and official sources →Attributed positions
Who the official quick guide lists
CA Professional Firefighters; LA Chamber of Commerce; Gavin Newsom; Xavier Becerra; Assemblymember Jesse Gabriel
None submitted
Arguments are the opinions of their authors and have not been checked for accuracy by an official agency.
Sources & notes
PRIMARY SOURCES
Audit this record.
Official Proposition 2 guideAnalysis and submitted argumentsQuick Reference GuideSummary, fiscal effect, Yes, and NoText of proposed lawsCalifornia Secretary of State PDFMeasure contribution totalsOfficial Cal-Access resourceTop contributorsCalifornia FPPC transparency pageVerified 2026-11-08Source fields are kept distinct from plain-language labels.
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