Campaign Financing. Reapportionment. Compensation.

CAMPAIGN FINANCING. REAPPORTIONMENT. COMPENSATION. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Requires Legislature to fix boundaries for federal and state legislative and Board of Equalization districts by two-thirds majority vote. Establishes single-source contribution limits 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. Provides limited public financing of candidates and committees adopting voluntary spending limits ranging from $300,000 for assembly races to $10,000,000 for governor\u27s race. Ballot pamphlet must list top contributors supporting and opposing measures. Limits statewide elected officer raises to cost of living; restricts Legislators\u27 per diem. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: The measure is likely to result in (1) state costs of more than $40 million annually, potentially offset to an unknown extent, and (2) local government costs of potentially more than $1 million annually