Will California Proposition 41 (tax limits and special-tax audits) be approved in the November 3, 2026 election?

This market resolves YES if California Proposition 41 (Prohibits New State Taxes That Exclude Revenues from State Spending Limit. Requires Audits for New State Special Taxes. Initiative Constitutional Amendment.) is approved by voters at the November 3, 2026 general election under its official approval rule: Simple majority of votes cast on the measure (Cal. Const. art. II §10(a); art. XVIII §4 for amendments). If conflicting measures both pass, the one with more yes votes prevails (art. II §10(b)). Only the November 3, 2026 vote counts; earlier votes on similar proposals do not. YES means voter approval at this election, not that the measure is later implemented. What the votes mean (official summary): YES: State Auditor would review programs funded by proposed and enacted special taxes; the state might not be able to exclude new special-tax spending from its spending limit. NO: The State Auditor's review duties and the state spending limit requirements would not change. Results: resolves on the result certified by California Secretary of State (Statement of Vote, due by 38th day after election, i.e. 2026-12-11). It may resolve earlier once official returns or the Associated Press show the outcome cannot change and no recount is pending; if a recount or certified correction changes the outcome before resolution, the certified result controls. No vote: if the measure is removed from the ballot, a court orders its votes not to be counted, or the vote is postponed beyond November 3, 2026, the market resolves N/A. Later legal challenges: resolution follows voter approval as certified. A court later invalidating, enjoining or delaying the measure does not change the resolution. Starting probability: 50% is a neutral starting seed, not a forecast. Official source: https://voterguide.sos.ca.gov/propositions/41/