Golden State Spending
You've probably heard by now that voters in California approved a series of ballot measures to expand gambling, while rejecting one that would have changed ...
You've probably heard by now that voters in California approved a series of ballot measures to expand gambling, while rejecting one that would have changed the state's term limits law.
Given the Golden State's $14 billion shortfall, it's not surprising that voters would favor more gambling. Governor Arnold Schwarzenegger touted the measures as revenue producers that would help combat the state's fiscal problems.
But those fiscal problems have clearly missed the gaming community, parts of which supported and opposed these measures. In this campaign, both sides spent a total of $150 million. To put that figure in context, the Romney and McCain campaigns raised and spent less than $130 million combined in all of 2007.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
The Week in Public Finance: D.C. Interference, Let's Make a Deal and Urban Poverty3 days ago
Oklahoma's First Transgender State House Candidate Loses Primary Race3 days ago
Feds Revoke Oklahoma's NCLB Waiver After State Repealed Common Core3 days ago
Ferguson Protesters Sue Police for $41 Million3 days ago
9 Years After Katrina, Feds Forgive $391M in Disaster Debt3 days ago
Governor: Utah Should Defend Anti-Polygamy Law3 days ago