Posts Tagged: $5 billion
A liquid nitrogen bank containing a suspension of stem cells. (Photo: Elena Pavlovich, via Shutterstock)
California’s stem cell agency gave away $14 million this month, which could be described as less than a drop in its $3 billion bucket. But the talk at the agency’s awards meeting July 19 was not about largess. Instead it was about the lack of cash, lack of time and the need to split “babies” and “buckets.”
U.S. Capitol at sunset. (Photo: Diego Grandi, via Shutterstock)
This past weekend brought news about a “rapturous agreement among Republicans and Democrats” to support development of new therapies by financing biomedical research with billions of dollars. The New York Times article indicated that the rapture could have something to do with the fact that many key political leaders on Capitol Hill are “aging in place.”
Robert Klein addresses a meeting of two governing board committees of the California Institute for Regenerative Medicine. (Photo: David Jensen, California Stem Cell Report)
Facing the likelihood of a slow and withering death, the California stem cell agency is edging gingerly forward on a path of “cuts” and risky fund-raising in hopes that its research results will soon generate voter support for more billions of dollars. Two governing board committees of the $3 billion agency, formally known as the California Institute for Regenerative Medicine (CIRM), on Monday. Nov. 27, recommended that the full board “entertain” the proposals at its Dec. 14 meeting.
An artist's rendering of the proposed Sites Reservoir complex. (Image: California Department of Water Resources)
Sites Reservoir has been talked about for decades, but now that project officials — and backed by 70 major allies — have formally submitted an application for state bond money, the question arises: Will this $5 billion project actually come to pass? The proposed surface reservoir would be located in Colusa County, but is competing with 11 other applicants for part of a $2.7 billion coffer of state money devoted to water storage projects.
A photo illustration of human DNA. (Photo: Shutterstock)
Plans to ask California voters in 2018 to approve a $5 billion bond issue to finance the California stem cell agency have been shelved, a director of the agency said Thursday. Jeff Sheehy, a San Francisco county supervisor, said that the key backer of the proposal had informed him that no bond measure would be offered to voters before 2020, presumably at the presidential general election.
A human DNA complex. ((Illustration, Shutterstock)
The man often called the father of the California stem cell agency has all but said he is set to launch an effort to pump an additional $5 billion in state funding into the research effort, which is scheduled to run out of cash in about three years.
World headquarters of Tesla Motors in Palo Alto. (Photo: Katherine Welles)
California lawmakers, who have fallen head over heels for Tesla Motors, once again are wooing their fickle sweetheart. Gov. Jerry Brown and two state senators – one a Republican, the other a Democrat — are working to entice Tesla to build its newest manufacturing facility in California, instead of going outside the state. It’s the latest in a long string of efforts in Sacramento that so far have managed to keep Tesla in the Golden State.
Getting CalSTRS back to full funding, if rates are steadily increased over the next half dozen years, would take an annual increase reaching more than $5 billion a year by 2020 — about what the state general fund currently spends on UC and CSU combined. (Photo: CalSTRS lobby, Paul Housberg)