Bipartisan legislative action in June 2026 placed Proposition 2, the Save for California’s Future Act, on the November ballot as a constitutional amendment to raise the Budget Stabilization Account cap from 10% to 20% of General Fund revenues while adjusting Gann Limit interactions and debt repayment rules. Governor Newsom and Democratic leaders in the Assembly and Senate advanced the measure through ACA 20 without voter signature requirements, citing needs for larger reserves amid revenue volatility to protect education, healthcare, and core services during downturns. Recent state budgets have included deposits into the existing rainy day fund and withdrawals from related reserves, underscoring ongoing fiscal pressures. Trader consensus at 68.8% Yes reflects this unified institutional backing and limited reported opposition, though voter approval remains subject to turnout and campaign dynamics before election day.