Thursday, August 20, 2015

No Sugar Daddies So Far for Pension Initiative Proponents

The State Worker blog of the Sacramento Bee has an article indicating that the proponents of the pension initiative - that would sweep in UC - haven't found a sugar daddy to fund a campaign to gather signatures or a full-fledged campaign actually to enact the initiative if it were to get on the ballot.*

You can read the whole article - which talks about mounting a "grassroots" campaign for signatures - but here is the key point:

...DeMaio’s political committee, California Reform, had $28,910.88 in the bank at the end of June. Contributions through the first half of the year totaled $45,974, including an $8,000 loan from DiMaio in March...

A signature-gathering campaign typically costs $2 million and up nowadays.

It's clear what the proponents need, but don't have:


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