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Proposition 2 on your 2026 California ballot would make changes to how the state's Rainy Day Fund would work. It would both allow lawmakers to set aside more money during abundant tax years and change the kinds of debt the state can pay off with that fund.
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This story was reported by Guy Marzorati. Prop Fest is a collaboration between Bay Curious and The Bay. It’s made by Olivia Allen-Price, Katrina Schwartz, Christopher Beale, Anna Casalme, Ericka Cruz Guevarra, Alan Montecillo, Gabriela Glueck and Pauline Bartolone. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Ethan Toven-Lindsey and everyone on Team KQED.
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Additional Resources:
Read the transcript for this episode
Catch up on all of Prop Fest 2026
Sign up for our newsletter
Got a question you want answered? Ask!
Your support makes KQED podcasts possible. You can show your love by going to https://kqed.org/donate/podcasts
This story was reported by Guy Marzorati. Prop Fest is a collaboration between Bay Curious and The Bay. It’s made by Olivia Allen-Price, Katrina Schwartz, Christopher Beale, Anna Casalme, Ericka Cruz Guevarra, Alan Montecillo, Gabriela Glueck and Pauline Bartolone. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Ethan Toven-Lindsey and everyone on Team KQED.
Learn more about your ad choices. Visit megaphone.fm/adchoices