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Key provisions of Proposition 89
Tuesday, October 17, 2006
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Here is a rundown on major provisions of Proposition 89, the campaign finance measure on California’s Nov. 7 ballot:

Public financing — The measure would allow candidates for state offices who agreed to give up most private donations to obtain public financing for their campaigns. To qualify, candidates would have to collect a certain number of $5 contributions to demonstrate a base of public support and agree to participate in debates. The number of $5 contributions would range from 750 for an Assembly candidate to 25,000 for a candidate for governor.
Seed money — Candidates who opted to take public financing could still collect a certain amount of “seed money” in private contributions of up to $100 to get their campaigns running. Limits on seed money would range from $10,000 for Assembly candidates to $250,000 for gubernatorial candidates.

Public financing amounts — Candidates qualifying for public financing would receive base amounts that would range from $650,000 (counting primary and general election races) for major party candidates for the Assembly to $25 million for candidates for governor. Minor party candidates and candidates running unopposed would get smaller amounts. Publicly financed candidates who faced privately financed opponents who spent more than specified amounts could get additional funding.
Funding for public financing — The proposition would raise the state’s bank and corporation tax by two-tenths of a percent to help pay for public financing. The $5 qualifying donations collected by candidates and fines paid by candidates for election law violations would also go into the public financing fund.

Contibution limits — Proposition 89 would sharply reduce the size of contributions that donors could make to candidates who decided not to accept public financing. Most donors could give no more than $500 per election to a legislative candidate and $1,000 per election to a statewide candidate. The current per-election limits for most donors are $3,300 for legislative candidates, $22,300 for candidates for governor and $5,600 for candidates for other statewide offices.
Other contribution limits— Donors could give no more than $1,000 a year to independent expenditure committees and candidate-controlled ballot measure committees, and up to $7,500 a year to a political party. The proposition also would put a $15,000 aggregate limit on the total amount one donor could give to candidates, candidate-controlled ballot measure committees, political parties and independent expenditure committees in a year.
1 comment(s)

Finally! wrote on Oct 17, 2006 4:25 PM:

" Most people agree that big money has corrupted government. Here is a chance to do something about it at least at the state level. "

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