CalMatters publishes last-minute voter guide covering California's 14 ballot propositions

The November ballot includes measures that would alter state income and wealth taxes, change borrowing caps for housing and research, modify voter registration and recall rules, and reshape local tax approval thresholds.

• •California voters are considering 14 statewide ballot measures covering taxes, voting, healthcare, housing, and the environment.
• •Proposition 2 would allow the state to deposit more money into its rainy-day reserve fund.
• •Proposition 3 would make permanent a temporary income tax on individuals earning over $360,000.
• •Proposition 40 would establish a 5% tax on the net worth of billionaires, projected to raise $100 billion over five years.
• •Propositions 41 and 42 are rival measures presented by opponents to invalidate Proposition 40 if passed.
• •Proposition 43 would raise the voter approval threshold for local citizen-led tax referendums from a simple majority to two-thirds.
• •Proposition 1 would authorize up to $11.25 billion in state borrowing for housing construction and renovation.
• •Proposition 37 would create a $25 billion loan fund for middle-class homebuyers' down payments.
• •Proposition 38 would allocate $8.4 billion in state funds for immunological research, with about half going to a nonprofit institute.
• •Proposition 4 would allow state and local governments to establish public financing for political campaigns.
• •Proposition 5 would alter recall elections to separate the removal vote from the replacement candidate vote.
• •Proposition 39 would require voters to present proof of citizenship before casting a ballot.