Election Campaigns. Contributions And Spending 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 fundraising 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 committees adopting spending limits ranging from $300,000 for assembly primary race to $10,000,000 for governor\u27s race. Requires ballot pamphlet to list top contributors supporting and opposing ballot measures. 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