Organizers of California's Billionaires Tax say they have collected more than 1.5 million signatures, far above the threshold needed to qualify for the November ballot. Meanwhile, a rival ballot initiative would significantly limit or undermine the tax if both pass. The initiative is primarily funded by Google co‑founder Sergey Brin, through a group called Building a Better California. Brin has contributed at least $57 million toward the effort so far.

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