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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*http://www.sacbee.com/news/politics-government/the-state-worker/article31569113.html