| General Election 11/06/2012 |
| PROPOSITION 38 Tax to Fund Education and Early Childhood Programs. Initiative Statute. |
| Increases taxes on earnings using sliding scale, for twelve years. Revenues go to K-12 schools and early childhood programs, and for four years to repaying state debt. Fiscal Impact: Increased state tax revenues for 12 years—roughly $10 billion annually in initial years, tending to grow over time. Funds used for schools, child care, and preschool, as well as providing savings on state debt payments. |
| Yes |
| No |