Your guide to Proposition 3: Making a high-income tax extension permanent

Proposition 3 seeks to permanently extend an income tax on the top 2% of California taxpayers to fund healthcare, education, and services. Proposition 37 proposes a down payment loan program for middle-income homebuyers, allowing the state housing finance agency to loan up to 17% of a home's price. Meanwhile, Proposition 41 would mandate audits for new state special taxes and prohibit certain taxes, which could potentially nullify the billionaire tax within the state.