Billionaire one-time wealth tax on California ballot?
On June 17, 2026, California Secretary of State Shirley N. Weber announced that the One-Time Wealth Tax initiative had qualified for the November 3, 2026 ballot with 980,438 valid signatures, triggering the market to jump from 32¢ to 71¢ (+38pp). The final +24pp surge to 100¢ on June 26 came as the June 25 deadline passed without withdrawal—the measure was definitively certified for the ballot, resolving YES.
June 26, 2026 · $247k vol