Your Wallet's Next Nightmare? How the California Governor Race Could Hike Your Taxes and Rent
You might not be glued to the California governor race, but your bank account certainly is. The candidates are battling over who will raise taxes more—or less—and how they’ll handle the state’s chronic housing shortage. Here’s the bottom line for your daily life: if a policy-heavy progressive wins, prepare for higher property taxes and stricter rent control, but possibly more affordable healthcare. If a pro-business moderate takes the lead, you might see lower gas taxes and fewer building regulations, but your rent could skyrocket as developers get a free pass. Either way, your grocery bill, insurance rates, and utility costs are on the line. Stay tuned—this election could decide if you’re paying an extra $200 a month by next summer.