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They say money can’t buy happiness – and that was likely true on Tuesday for supporters of two dueling initiatives in California’s Nov. 8 ballot to legalize sports betting.

After all the money raised by the four campaigns on both sides of Propositions 26 and 27 — nearly $441 million so far, nearly double the previous record of $226 million set in 2020 — the two measures are significantly submarines with voters, according to a new poll from the Institute for Government Studies at UC Berkeley co-sponsored by the Los Angeles Times.

Campaigns don’t have much time to change Californians’ minds: County election offices are required to begin mailing ballots to all active and registered voters no later than Monday, and on Election Day is only five weeks away.

The poll also found tons of campaign money may actually be a liability: voters who said they saw a lot of ads on Props. 26 and 27 were more likely to oppose both measures than voters who had seen little or no advertising.

It probably doesn’t help that many of the ads are confusing and possibly even misleading, and that they’re funded by four different ballot metrics campaigns made up of a complex cast of gamers.

Kathy Fairbanks, spokeswoman for the Yes on the 26th/No on the 27th campaign, told the Los Angeles Times that her camp was grateful “that voters seem to be rejecting out-of-state gambling companies and their campaign of deception of 170 millions of dollars. ”

Nathan Click, spokesperson for the Yes on 27 campaign, told The Times that Prop. 27 faced “over $100 million in deceptive and false attacks — $45 million before we even qualified for the ballot. That is to say that these same opponents have not spent a penny to support their own sports betting proposal”, Prop. 26.

Accessories. The 26th and 27th also struck off the editorial boards of major California newspapers, none of which endorsed either measure, according to a list maintained by the Sacramento-based I Street Public Affairs.

Other key takeaways from the UC Berkeley Institute of Government Studies survey:

Get Ready to Vote: Find out everything you need to know about voting in California’s Nov. 8 election in the CalMatters Voter’s Guide, which includes information on races, candidates, and proposals, plus videos , interactive elements and campaign finance data.

Other Stories You Should Know

1 Taking stock of Prop. 30 spending

From CalMatters political reporter Ben Christopher: As California campaigns race to raise funds in the five weeks remaining before the Nov. This may interest you : UK Catholic aid agency calls for more action against ‘food crisis’. 8 election, the committee has opposed Proposition 30 — which would raise taxes on millionaires for fund electric vehicle programs and other climate initiatives – turned to a new source of funding: equities.

According to campaign finance figures filed with the state at the end of September, “No to 30” has garnered just over $2.3 million in corporate action this year.

As financial portfolios evolve, they are heavy on technology, pharmaceuticals, and yes, even fossil fuel investments. Some of his biggest holdings include:

The committee’s small mountain of actions is still only a fraction of the $9.1 million in cash raised so far. And that’s just a drop in a sea of ​​corporate donations compared to the $47 million that Yes 30 nabbed – more than $45 million from ride-sharing giant Lyft, which also spent $49 million to support a successful 2020 ballot measure (the initiative that set the previous spending record) to exempt itself from a state labor law.

2022 Election

Latest coverage of the 2022 California general election

Giving away stock appears to be a unique Silicon Valley way to influence elections. About a quarter of the funds raised by the successful campaign to recall San Francisco District Attorney Chesa Boudin came in the form of company stock, the San Francisco Standard reported.

For donors whose stocks have exploded in value since they first bought them – the hallmark of a successful venture capitalist’s portfolio – this is a particularly attractive tax break.

CalMatters reviewed all non-monetary contributions reported to statewide ballot measures committees over the past two years. “Non sur 30” is the only one that received stock. San Francisco election attorney Jim Sutton said he wasn’t surprised.

For supporters of Prop. 30, who spent weeks denouncing the “No” side as a campaign funded by self-serving millionaires seeking to avoid higher tax bills, equity contributions provided even more ammunition.

No on 30 spokeswoman Amelia Matier said the equity contributions pale in comparison to the millions of dollars Lyft has spent supporting the proposal. She said the rideshare company had spent “50 times more than any other donor on any other side”.

2 Health care union takes wage disputes to the ballot

Why are Californians voting – for the third time – on whether to set new rules for dialysis clinics? Behind Prop. 29 is California’s largest health care worker union, Service Employees International Union-United Health Workers West, which is known for regularly reaching out to voters and using the initiative process as a bargaining tactic, including at the local level. On Nov. 8, voters in the Southern California towns of Duarte and Inglewood will determine the fate of SEIU-UHW initiatives to set a $25-an-hour minimum wage for some of the lowest-paid workers. well-paying private hospitals, integrated health systems and dialysis clinics, reports Ana B. Ibarra of CalMatters. The union – which earlier this year tried to hammer out a last-minute legislative deal to raise the statewide minimum wage for health care workers in public and private facilities – is betting local victories could help boost a larger movement. Meanwhile, the California hospital lobby and statewide health systems have poured in at least $17 million to defeat the Duarte and Inglewood measures.

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CalMatters Commentary

CalMatters columnist Dan Walters: California is approaching the Western European model of extensive public services and benefits. See the article : Politics in the spotlight: a plethora of candidates vying to replace longtime Congressman Bobby Rush.

It’s time to redo California’s water laws: the principles under which California’s water rights were allocated in the 20th century simply don’t hold up in the 21st century. The Legislative Assembly must ensure that dire court decisions do not force vulnerable communities and native species to try to survive on extremely limited water, say Walter “Redgie” Collins and Amanda Cooper of CalTrout.

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