Supporters and opponents of all five state propositions on the ballot next week have spent a total of almost $70 million.
The analysis, by the non-profit California Voter Foundation, reveals Pacific Gas and Electric has spent easily the most money on state propositions this election season.
PG&E spent $46 million on Prop. 16, which, if passed, would require a two-thirds voter approval for local public electricity providers.
Opponents of that measure have raised just under $1 million.
The next biggest spender is Mercury, which donated $16 million to support an initiative to change auto insurance pricing rules. That’s about ten times more than opponents of Prop. 17 have spent.
Governor Arnold Schwarzenegger raised two of the $5 million in support of the Open Primary Initiative, Prop. 14. Opponents for that measure only raised a couple of hundred thousand dollars.
Prop. 15, the pilot project for public financing, has generated about half a million and Prop. 13, involving seismic retrofitting, raised no money at all.