Tax Extension for Education and Healthcare | ||||||||||||||||||||||
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Results by county
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Source: California Secretary of State[1] |
Elections in California |
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Proposition 55 is a California ballot proposition that passed on the November 8, 2016 ballot, regarding extending by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000, with revenues allocated to K–12 schools, California Community Colleges, and, in certain years, healthcare.[2] Proposition 55 will raise tax revenue by between $4 billion and $9 billion a year.[3] Half of funds will go to schools and community colleges, up to $2 billion a year would go to Medi-Cal, and up to $1.5 billion will be saved and applied to debt.[3]