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Funding & Budget

California voters reject Proposition 40 billionaire tax, 52.8% to 47.2%

CaliforniaMore from California

Issue

State health elections and ballot measuresDecision due

Next: · California's Secretary of State certifies the November 3 results, including Propositions 40, 41 and 42

On November 9, 2026, The Associated Press reported California voters rejected Proposition 40, per CalMatters. The state count is 52.8% no to 47.2% yes, all 23,860 precincts in.

Backers SEIU-UHW said the one-time 5% billionaire tax would have raised $100 billion for health care and education. The union vows a 2028 retry unless the Legislature delivers a real solution.

Sources for this story

CalMatters, November 9, 2026, with California Secretary of State results

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FQHC Talent. (2026, November 9). California voters reject Proposition 40 billionaire tax, 52.8% to 47.2%. Source: CalMatters, November 9, 2026, with California Secretary of State results. Retrieved November 11, 2026, from https://www.fqhctalent.com/intel/ca-prop-40-billionaire-tax-rejected-ap-confirmed-november-2026