Shumita Basu

The nonpartisan Legislative Analyst's Office advised the measure would probably raise tens of billions of dollars, but could also result in some lost tax revenue that would be hard to predict.

It needs nearly 900,000 signatures by June to get onto the ballot come November.

And finally, a few other stories we're following.

At least 40 people are dead in what's become Spain's worst rail disaster in over a decade.

A high-speed train bound for Madrid derailed and crossed over to the opposite tracks, colliding headlong with an oncoming train.

Reuters quotes an unnamed source briefed on the initial investigation as suggesting experts had found a faulty joint on the rails.

The Spanish Prime Minister, Pedro Sanchez, has vowed to get to the bottom of the cause and announced a three-day mourning period for the country.

In Iran, state TV appeared to be hacked on Sunday evening in a sign of continued dissent against the regime.

Ordinarily a medium for propaganda, state channels began showing speeches by President Trump and the exiled son of Iran's last shah.

Streets have been quiet in recent days, following mass protests and a brutal crackdown that some estimate have killed more than 5,000 people.

And Valentino Garavani, one of the last giants of 20th century fashion, died yesterday at the age of 93.

He was renowned worldwide for his signature style and his trademark use of vibrant red.

He designed Jackie Kennedy Onassis' wedding dress, as well as countless gowns for iconic women like Elizabeth Taylor, Audrey Hepburn, Julia Roberts, and Anne Hathaway.

Speaking to Charlie Rose back in 2009, he explained why he loved the color red so much.

He told The New Yorker he hoped he would be remembered as a man who pursued beauty wherever he could.

You can find all these stories and more in the Apple News app.

And if you're already listening in the news app right now, we've got a narrated article coming up next.

New York Magazine reports on what was supposed to be the future of eating, veganism.

But just as it seemed plant-based diets hit the mainstream and animal-free products exploded in popularity, the industry has suddenly seen a big decline as meat makes a comeback.

If you're listening in the podcast app, follow Apple News Plus Narrated to find that story.