Proposition 33 and Proposition 34, related to local rent control in California, are garnering the most campaign funding out of the 10 ballot measures this year. Over $350 million has been raised so far, with more than half going towards these two propositions. While this amount is significant, it is still significantly less than the nearly $700 million spent on dueling sports betting measures in 2022.
Proposition 33 aims to give cities more authority to enforce rent limits, while Proposition 34 targets a nonprofit organization that is sponsoring Prop. 33. Despite the substantial funding for these measures, it falls short of the massive spending seen in previous years on other ballot measures, such as sports gambling propositions.
As Election Day approaches, more money continues to pour into the campaigns for and against these propositions. The California Apartment Association and the AIDS Healthcare Foundation are the two largest contributors, with significant funding on both sides of the issue. Polling data shows mixed results for the propositions, indicating a close race.
Overall, the focus on rent control in California has become a major point of contention in this year’s ballot measures, with significant financial resources being allocated to these campaigns. As voters prepare to make their decisions, the outcome of these propositions will have a significant impact on the state’s rental market and housing policies.
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