Proposition 30, Gov. Jerry Brown's tax initiative, would narrow the state's budget gap by bringing in $34 billion or more over seven years — much of it by raising income taxes temporarily on those with incomes over $250,000, and the rest by a temporary, quarter-cent increase in the sales tax.
The income tax increase would expire after seven years. The sales tax increase would expire after four years. The initiative would also guarantee aid to local governments to help pay for the responsibilities that the Legislature shifted onto their shoulders through Brown's public safety realignment strategy.
If the initiative fails, $6 billion in automatic cuts would go into effect this year, mainly at the expense of public schools.
— Los Angeles Times
A total of 3,718 individual contributions have been made to 33 committees supporting and opposing Proposition 30, raising $131,966,954. About 52% of the money raised has been to support the proposition. The list below shows the top individual contributions supporting and opposting the measure. Follow the links for additional detail.
|Out of state||$11,446,305||16.7%|
|Out of state||$11,261,000||17.8%|
|1||California Teachers Association Issues PAC (Cta)||Sept. 20, 2012||$3,500,000|
|2||Democratic State Central Committee of CA||Oct. 18, 2012||$1,540,377|
|3||Californians Working Together To Restore And Protect Public Schools, Universities And Public Safety||July 16, 2012||$1,531,427|
|4||California Hospitals Committee On Issues, Sponsored By Cahhs||Sept. 10, 2012||$1,500,000|
|5||CA Teachers Assn. Issues PAC||March 29, 2012||$1,500,000|
|6||the Coca-Cola Company||Sept. 14, 2012||$1,283,975|
|7||Democratic State Central Committee of CA||Oct. 22, 2012||$1,126,193|
|8||California State Council of Service Employees Issues Committee (Seiu)||Oct. 10, 2012||$1,100,000|
|9||Pepsico Incorporated And Affiliated Entities||Sept. 14, 2012||$1,016,125|
|10||California Teachers Association Issues PAC (Cta)||Oct. 30, 2012||$1,000,000|
|1||Americans For Job Security||Oct. 15, 2012||$11,000,000|
|2||Charles T. Munger, Jr.||Oct. 25, 2012||$10,000,000|
|3||Charles T. Munger, Jr.||Oct. 1, 2012||$9,975,000|
|4||Charles Thomas Munger, Jr.||Sept. 24, 2012||$5,986,530|
|5||Charles Thomas Munger, Jr.||Sept. 17, 2012||$4,113,235|
|6||Charles T. Munger, Jr.||Oct. 24, 2012||$3,000,235|
|7||Small Business Action Committee PAC||Oct. 18, 2012||$2,900,000|
|8||Small Business Action Committee PAC||Oct. 11, 2012||$2,300,000|
|9||Small Business Action Committee PAC||Oct. 26, 2012||$2,215,226|
|10||Small Business Action Committee PAC||Oct. 5, 2012||$2,000,000|
* The totals for contributions to Proposition 30 include those from nine committees working to support or oppose multiple propositions. The $55,341,006 raised is included in the totals for each proposition. This could skew the totals reported here.
* Committees campaigning for or against a proposition can contribute money to other committees working to support or oppose any of the propositions on the November ballot. To date, this committee-to-committee giving accounts for about $20.4 million. Also, totals for propositions do not include unitemized contributions under $100.