California's spending limit and local tax votes, in plain words, explained

In plain words

• The state constitution caps how much tax money the state can spend each year (the state spending limit voters approved in 1979, often called the Gann limit). Some spending, such as infrastructure, is left out of the cap. source: lao.ca.gov (Legislative Analyst's Office)
• Prop. 2 would keep money put into the rainy day fund out of the spending limit until it is taken out. Prop. 40's money would not count under the limit. Prop. 41 would stop new state taxes from being left out of it. source: sos.ca.gov (Official Voter Information Guide)
• Local special taxes (taxes for one purpose) placed on the ballot by a local government need two-thirds of the vote. Court rulings let ones placed by voter petition pass with a majority. Prop. 43 would require two-thirds for those too. source: sos.ca.gov (Official Voter Information Guide)