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Will Poizner open wallet for No on 93 campaign?

Insurance Commissioner Steve Poizner is considering helping to bankroll a campaign to defeat the February ballot initiative that would ease term limits and allow the current crop of legislative leaders to retain power for several more years.

A donation by Poizner, a billionaire Silicon Valley businessman and the ranking GOP state official after the governor, could force a high-stakes ballot showdown with the Legislature's Democratic leaders, who have raised millions of dollars to win passage of the initiative, Proposition 93, on the Feb. 5 ballot.

The Committee for Term Limits and Legislative Reform, a creature of Speaker Fabian N


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