Prop 3 Explained: Making Top Income Tax Rates Permanent | Nonpartisan Ad Check (Nov. 3, 2026)

What does Proposition 3 actually do? I break down whether California's higher income tax rates on top earners should end after 2030 or become permanent: who pays, where the money really goes, and which campaign claims hold up. Prop 3 does not raise anyone's tax rate above what they pay today. It makes permanent the higher rates the top 2% of taxpayers have paid since 2012, about $5 to $15 billion a year. The money is allocated to schools and community colleges, but because it counts toward the state's existing school funding requirement, only about 40% becomes additional school funding. CHAPTERS 0:00 Introduction 0:29 What Prop 3 does 1:07 Set to expire after 2030 1:34 Who pays 1:57 Where the money goes 2:08 An important distinction 2:41 How it could help and how it could hurt 3:46 What the ads claim 4:44 Ad check 6:24 Your decision 6:58 Closing Election Day: Tuesday, November 3, 2026. Register by October 19 at sos.ca.gov. Subscribe and follow for a nonpartisan breakdown of every proposition on the 2026 California ballot. Sources: Text of Proposition 3; Legislative Analyst's Office analysis; Official Voter Information Guide. This video is for educational purposes only and is not legal advice. © 2026 Errless Living. All rights reserved. #Prop3 #California #IncomeTax #CaliforniaBallot #Election2026 #VoterGuide #ErrlessLiving