Election Campaigns. Contributions andSpending Limits. Public Financing. Disclosures.

ELECTION CAMPAIGNS. CONTRIBUTIONS AND SPENDING LIMITS. PUBLIC FINANCING. DISCLOSURES. INITIATIVE STATUTE. • Expands campaign contribution disclosure requirements, establishes contribution limits from single sources of $5,000 for statewide candidates, $3,000 for other candidates, $25,000 for political parties, and $50,000 total per election. Bans corporate contributions. Limits fund-raising to period 12 months before primary election and ninety days after election. • Provides public financing of campaign media advertisements and voter information packets for qualifying candidates and ballot measure committees adopting spending limits ranging from $300,000 for Assembly primary race to $10,000,000 for Governor’s race. • Requires ballot pamphlet to list top contributors on ballot measures. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • State costs of more than $55 million annually, potentially offset to an unknown extent. • Local government costs of potentially several million dollars annually