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$450 Million Poured Into California Initiatives

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$450 Million Poured Into California Initiatives

2016-10-21 03:00:491 Oct 2018 01:53 AM EST

Beating the state's own record for the most spent on propositions appearing on statewide ballots in a single year, campaign reports filed Thursday show, political donors have spent a record $450 million to support and oppose 17 November ballot initiatives in California.The fundraising has soared at least $12 million past California's previous record in 2008. That year, $438 million was spent on the campaigns for and against 21 measures on the ballot. With inflation, fundraising in 2008 would be worth at least $490 million today.California leads all other states by a long shot.It's one of the few states that empower voters to enact laws affecting state revenue and spending. in this election, the proposals going before the state's 18 million registered voters put billions of dollars at stake.

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