Proposition 89 was a failed 2006 California ballot initiative that would have offeredclean elections centered oncampaign finance reform.
Candidates for state offices could choose to receive public funds to pay for the costs of campaigns if they meet certain requirements. Candidates not accepting public funds would be subject to lower contribution limits than currently. The tax rate on corporations and financial institutions would be increased to pay for the public financing of political campaigns.
Candidates for state offices would continue to pay for their campaigns with private funds subject to current contribution limits. The tax rate on corporations and financial institutions would not change.
The proposition was defeated in the November 2006 elections.
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