Sacramento, CA — California would consider switching to public financing of political campaigns under a bill approved by the Assembly today.
It´s the first time assemblymembers have ever passed such a measure. The bill would provide public money to candidates who voluntarily give up outside contributions.
The proposal is similar to systems in use in Arizona, Connecticut and Maine.
The voluntary system would require candidates to first raise a large number of small donations from within his or her legislative district before qualifying for public financing.
If the plan is approved by lawmakers and Governor Schwarzenegger, voters would have to adopt the system before it would take effect.