How would Prop. 63 be paid for?
Prop. 63 imposes an additional 1 percent income tax on income greater than $1 million. Individuals whose income is less than $1 million will pay no additional taxes. The Legislative Analyst’s Office estimates that Prop. 63 would generate $275 million in revenues for mental health services in partial fiscal year 2004-05. In the following years, revenues are predicted to increase to approximately $800 million per year. Prop. 63 would prohibit the state from decreasing funding for mental health services below 2003-04 levels.
