Which Way, L.A.?
A Billion Dollar Problem with Campaign Fundraising
California’s next election is exactly a month away, featuring six propositions on state finance. Interest groups on all sides will be doing a lot of spending. In 2000, voters passed Prop 34 to limit the influence of money, but it hasn’t worked out that way.
By Warren Olney • • 1 min readCalifornia’s next election is exactly a month away, featuring six propositions on state finance. Interest groups on all sides will be doing a lot of spending. In 2000, voters passed Prop 34 to limit the influence of money, but it hasn’t worked out that way. Campaigns for candidates and ballot measures have raised more than one billion dollars in the past 8 years—344,000 dollars a day…14,000 dollars an hour…24/7…365 days a year. hat’s according to a report called “The Billion-Dollar Money Train,” issued by the state’s Fair Political Practices Commission.
