California voters have approved Proposition 30, Gov. Jerry Brown's proposal to balance the budget by temporarily raising sales and income taxes.

With 98.5 percent of precincts reporting as of 6:19 a.m., the initiative led with 53.9 percent of votes cast.

Meanwhile, Proposition 32 -- another hotly contested initiative that would have banned political contributions by payroll deduction -- failed with 56.2 percent of votes going against the measure.