ACTA DIURNA

Elections · San Francisco · Wed Nov 4, 1:15 PM Pacific

California billionaire tax Prop. 40 trails in early results

Prop. 40, a one-time 5 percent tax on California billionaires, trailed in early results Wednesday; Prop. 42, which would bar similar measures, led by over eight points.

2 reports

• Mission LocalCalifornia billionaire tax, Prop. 40, trailing in early results Nov 3, 11:22 PM
• SFistCalifornia Billionaire Tax Looks to Be Failing, While Prop 42 Might Pass Nov 4, 1:15 PM

What traders expect

• CA billionaire tax marginFails by 4+ points 74% · Fails by 7+ points 26% on Kalshi
• Which ballot measures will pass in CaliforniaProposition 5 96% · Proposition 4 8% on Kalshi

In this story: Proposition 40 (California, 2026), Proposition 42 (California, 2026)

Headline and summary written by the Acta Diurna desk using only what the outlets above reported. Read their reporting for the full story. How we stay neutral.

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