Posts Tagged: multibillion-dollar

Another high-stakes election looms — but largely under the radar

A photo illustration of bacteria as seen through a research microscope. (Photo: Per Bengtsson, via Shutterstock)

by DAVID JENSEN posted 11.22.2022

California has another election coming up this fall, but it is not your usual political campaign free-for-all. Instead, it involves the leadership of the $12 billion state stem cell agency, which is trying mightily to develop “miraculous” treatments and cures for diseases that afflict — according to its backers — half of the families in California.

For California schools, 2020 could prove historic

Two students at a crossing in the Mission Beach area of San Diego. (Photo: Conchi Martinez, via Shutterstock)

by LISA RENNER posted 10.09.2019

California public schools will be getting a big infusion of cash — a very, very big infusion —  if voters approve an unprecedented trifecta of  multibillion-dollar measures aimed at next year’s statewide ballots. First, there’s a $15 billion plan, financed by bond borrowing, for construction projects for K-12 and higher education. Gov. Newsom  signed the bill and placed it on the March ballot.

For months, Gov. Brown has signaled his dislike for borrowing new money for school construction. This week, key lawmakers agreed, derailing a bond that had been aimed at the November ballot.