They say money can’t buy you happiness. That's likely true for proponents of two initiatives to legalize sports betting in California. Both measures are very unpopular with voters, according to a poll from UC Berkeley’s Institute of Governmental Studies.
Neither donors nor ballot measure committees have to pay capital gains on donated stocks.
CalMatters reviewed every non-cash contribution reported to statewide ballot measure committees over the last two years. “No on 30” is the only one that received stock. San Francisco election lawyer Jim Sutton said he isn’t surprised.“This is a ballot measure that specifically targets rich people, and rich people are more likely to have appreciated stock.”
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