Authorizes $5.5 billion state bonds for: stem cell and other medical research, including training; research facility construction; administrative costs. Dedicates $1.5 billion to brain-related diseases. Appropriates General Fund moneys for repayment. Expands related programs. Fiscal Impact: Increased state costs to repay bonds estimated at about $260 million per year over the next roughly 30 years.
YES A YES vote on this measure means: The state could sell $5.5 billion in general obligation bonds primarily for stem cell research and the development of new medical treatments in California.
NO A NO vote on this measure means: The state could not sell $5.5 billion in general obligation bonds primarily for stem cell research and the development of new medical treatments in California.
PRO Prop. 14 funds further development of treatments and cures for chronic, life-threatening diseases like Cancer, Alzheimer’s, Heart Disease, Diabetes, Parkinson's, Kidney Disease. Builds on 2,900 medical discoveries; increases patient access & affordability; stimulates California’s economy; ensures strict accountability. Doctors, Nobel Prize Scientists, over 70 leading Patient Advocate Organizations, urge YES on 14.
CON No on Prop. 14. Would commit $7.8 billion we cannot afford during this economic and budget crisis. Funds a state agency with management challenges and poor results after $3 billion already spent. Servicing debt of Prop. 14 could increase pressure for higher taxes or layoffs of nurses, first responders and other public employees.