California High-Earner Permanent Tax Proposition

Proposition 3 is a California ballot measure currently scheduled for voting on November 3, 2026. It would make permanent a temporary income tax (up to 12%) on high earners that voters approved in 2012, set to expire in 2031. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measu