Tuesday, November 3, 2026
Washington's Initiative 645 would repeal the state's new 9.9 per cent tax on income above $1 million before it takes effect in 2028. The state's fiscal impact statement puts the lost revenue at $11.4 billion over five fiscal years. Colorado, California and North Carolina are also voting on how their top earners are taxed; no results are in.
Florida's Amendment 3 would cut non-school property taxes on homesteads by an estimated $11.8 billion a year once fully in effect, according to the state's Revenue Estimating Conference. It needs 60 per cent of the vote on Tuesday. Voters in Oklahoma, Wyoming and North Carolina are deciding their own property tax measures; none of the four results is known yet.
Caterpillar said on Wednesday it will invest about $1 billion in a new plant in Sanford, North Carolina, to build more compact track loaders and telehandlers. Lee County and the City of Sanford have approved up to $85.5 million in incentives. The condition is that the company keeps at least 1,950 full-time jobs. It will not add any beyond the 600 hired this year.