On May 29, 2020, the new measure qualified to appear on the November 2020 ballot after signature gatherers collected a gross total of 1.7 million voter signatures in support. As of the approval date, the top contributors to the split roll effort were the unions California Teacher's Association ($6 million) and Service Employees International Union ($4 million) while the contributions of Mark Zuckerberg and Priscilla Chan were $1.9 million. The new measure would raise $6.5 billion to $11.5 billion a year, depending on the strength of real estate markets, after refunding $500 million to $1 billion of income tax losses and new administrative fees related to the measure. Similar to the prior initiative, 40% of new revenue would be allocated towards K-12 public schools while 60% would be earmarked for local governments.