We are on our way to making the Clean Money System a reality! This article from the Associated Press details our recent victory...
Measure seeking public financing of campaigns passes committee
SACRAMENTO - A proposal seeking public financing of political campaigns passed a key committee Thursday and was sent to the full Assembly.
The measure, patterned after systems in use in Arizona and Maine, would provide public money for candidates who voluntarily give up outside contributions.
"The public has lost faith in its elected officials," Assemblywoman Loni Hancock, D-Berkely, said in a statement. "The cost of implementing this program pales in comparison to the cost of doing nothing."
The Assembly Appropriations Committee approved the bill, AB583, with 13 Democrats supporting it and all five Republicans opposed. The measure would go to the Senate if approved by the full Assembly.
It ultimately would require voter approval, perhaps being placed on the June 2008 ballot.
An analysis by committee staff estimated that public financing could cost tens of millions of dollars in each election cycle if a large number of candidates participated.
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