Monday, June 01, 2020

California's $5.5 Billion Stem Cell Countdown: Sixty-two Percent Along the Road to the November Ballot

Backers of California's $5.5 billion stem cell research measure this afternoon received a hefty boost as their effort to place the proposal on the November ballot moved dramatically forward. 

The initiative is now 62 percent along the path to reaching voters. That figure emerged when Los Angeles County reported that it has counted 231,196 valid signatures of registered voters. The total number of valid signatures now stands 381,849. To be placed on the ballot requires 623,212. 

The percentage of valid signatures at 78 percent. If that qualification rate holds up, the proposal will be on the ballot since the campaign has submitted 924,189 "raw" signatures. Still outstanding are large counties such San Diego, Riverside and Orange.

The measure is aimed at saving the financial life of California's stem cell agency, which has nearly run through the $3 billion that voters provided it in 2004. With no infusion of additional funds, it will begin closing its doors next fall. 

Look for an updated count tomorrow evening or early Wednesday morning right here on the California Stem Cell Report. 

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