The AP called Prop 3 at 12:15 a.m. Wednesday, KQED reported, with Yes at 58.6%. ABC7 showed 4,483,291 Yes votes (59%) to 3,159,553 No (41%).
California voters first raised rates on the top 2% of earners in 2012 and extended them in 2016. KQED says they bring in roughly $10 billion a year. The higher rates apply to individuals making around $371,000 and couples earning about $743,000. Without Prop 3, they were set to expire in 2031.
The money is a major piece of the state's general fund, which pays for schools, health care and other programs. With a structural deficit looming, budget writers had warned that losing the revenue would force deep cuts.
For most Bay Area households, nothing changes: the rates only apply to income above the top thresholds.
All results are unofficial election-night and early-morning counts as of Wednesday, Nov. 4. Counties keep counting mail and provisional ballots for days, and certification comes later, so margins can shift, especially in close contests.