California's $5.5 Billion Stem Cell Countdown: Snail-like Progress Towards the Ballot

The final steps to qualify a $5.5 billion stem cell measure for the California ballot in November moved slowly this past week with the latest figures rising only marginally. 

State officials reported late yesterday that the number of valid signatures stood at 150,598, up slightly from 146,611 the previous day. 

In order to save the California stem cell agency from financial extinction, the initiative needs 623,212 valid signatures of registered voters.  Backers submitted 924,183 "raw" signatures.  

The signature disqualification rate yesterday stood at 22 percent, which is where it has been since May 22.

Large counties such as Los Angeles and San Diego have not yet reported on their verification efforts. The state deadline for counties to report their figures to the state is June 24. 

The stem cell agency is running out of cash and will begin closing its doors next fall unless it receives a substantial infusion of cash.

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