Proposition 43: Increase the percentage of votes needed to approve voter-proposed local special taxes from majority (over 50%) to two-thirds.
According to CalMatters:
FISCAL IMPACT: Possibility that local government tax revenues will not go up as much in the future due to a higher vote threshold for certain taxes.
"Yes" Vote: Beginning January 1, 2027, certain local government taxes on the ballot would require a two-thirds approval by voters.
"No" Vote: Certain local government taxes would continue to be approved by voters with a majority vote.
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