CA Prop. 38: Real-Time Election Results
Supporters say the measure would direct half the money to one UC-affiliated nonprofit and create a repayment stream from research revenue.
- California voters are weighing Proposition 38, which would authorize $8.4 billion in bonds to fund immunology and immunotherapy research in state institutes and universities.
- Billionaire inventor Gary Michelson is the campaign's largest backer, donating over $40 million, though critics argue the measure's criteria effectively direct half the money to a single California Institute that Michelson founded.
- Robert Kaplan, co-chair of the No on Prop 38 campaign, argues the measure lacks open competition. Supporters like Zev Yaroslavsky of the UCLA Luskin School contend the funding is vital to continue medical research.
- The Legislative Analyst notes bond repayment would cost taxpayers $500 million to $600 million annually for 20 years. Supporters claim Prop 38 ensures 10% of revenue generated from research returns to the General Fund until debt is repaid.
- Since 1976, California voters have approved 76% of all general obligation bonds. The state has slated another $7.5 billion science bond measure for an upcoming election covering broader research including wildfire prevention and water supply.
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13 Articles
Cal Matters
Prop. 38: This billionaire-backed measure would approve $8.4 billion for health research
California’s Prop. 38 would provide $8.4 billion to find cures for cancer and other diseases. Half the money would go to one institute.
California Proposition 38 seeks to authorize state bonds for immunology medical research
By Julie Sharp California voters are weighing Proposition 38, which would authorize the state to sell $8.4 billion in bonds to fund immunology research and therapies in state institutes and universities. This comes as the Trump administration has cut billions of dollars in funding for medical research at universities and medical centers, according to CBS
California voters will decide on several proposals that could have a direct impact on the state, including Proposition 38. The bill seeks to invest $8.4 billion in research in this field, allocating at least half of the funds to research related to cancer, heart disease, and Alzheimer’s. The other half to research institution grants in California. “Proposal 38 includes audits, transparency, and oversight and limits the state’s administrative cos…
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