Proposition 4: Allows the state of California to establish public campaign funds for public office candidates.
According to CalMatters:
FISCAL IMPACT: Ongoing costs to the state of a few hundred thousand dollars each year for the Fair Political Practices Commission to answer questions from state and local governments about public campaign finance programs.
"Yes" Vote: The state would establish public campaigning fund programs for public office candidates.
"No" Vote: No public campaign funds would be available to public office candidates by the state of California.
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