Yes on 100 campaign reports contributions of $2.2M
Published: May 14, 2010 at 6:19 pm
Big money contributions continue to flow to the campaign supporting Proposition 100.
The Yes on 100 campaign, dominated by large donations and well-known contributors, has raised more than $2.2 million, according to finance reports filed May 14.
Meanwhile, opposition group Ax the Tax – No on 100, which is largely hoping for an anti-tax sentiment at the polls, has raised just $1,215.
Voters will decide in a May 18 special election whether to raise the state sales tax by a penny, from 5.6 cents on the dollar to 6.6 cents. The tax, expected to generate about $1 billion annually, would last three years and would go into effect June 1.
If Prop. 100 fails, about $900 million would be cut automatically from the state budget, including more than $400 million to K-12 education and more than $100 million to universities.
As a result, contributions from educational organizations were huge. The group Friends of ASU has contributed $400,000 to Yes on 100. The University of Arizona Foundation donated $250,000.
Business groups, too, have been generous. The Arizona Chamber of Commerce and Industry donated $130,000.