Authorizes $5.5 billion state bonds for: stem cell and other medical research, including training; research facility construction; administrative costs. Dedicates $1.5 billion to brain–related diseases. Appropriates General Fund moneys for repayment. Expands related programs. Fiscal Impact: Increased state costs to repay bonds estimated at about $260 million per year over the next roughly 30 years.
Chart depicts total fundraising by all committees primarily formed for and against Prop 14.Totals are updated daily with contributions from Power Search and adjustments from the most recent Political Reform Division analysis.
Showing the 10 largest contributions to committees formed primarily for and against Prop 14 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
A YES vote on this measure means: The state could sell $5.5 billion in general obligation bonds primarily for stem cell research and the development of new medical treatments in California.
A NO vote on this measure means: The state could not sell $5.5 billion in general obligation bonds primarily for stem cell research and the development of new medical treatments in California.
For background on Proposition 14, an analysis by the legislative analyst, endorsements for and against the measure, and more...
Prop. 14 funds further development of treatments and cures for chronic, life–threatening diseases like Cancer, Alzheimer’s, Heart Disease, Diabetes, Parkinson"s, Kidney Disease. Builds on 2,900 medical discoveries; increases patient access & affordability; stimulates California’s economy; ensures strict accountability. Doctors, Nobel Prize Scientists, over 70 leading Patient Advocate Organizations, urge YES on 14.
No on Prop. 14. Would commit $7.8 billion we cannot afford during this economic and budget crisis. Funds a state agency with management challenges and poor results after $3 billion already spent. Servicing debt of Prop. 14 could increase pressure for higher taxes or layoffs of nurses, first responders and other public employees.