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Industry News
Beverage Industry NewsThe big wallets in the initiative campaignsThe first ballot initiative turned in its petitions today, which may be the first of about a half dozen that will be rolling in to the Secretary of State’s office between now and July 2.Initiative 1100 collected about 390,000 signatures in 27 days, which is pretty remarkable by historic standards. Not a record, to be sure, but remarkable, considering the averaged more than 14,400 per day or 600 per hour or 10 per minute (and that’s only if they were gathering round the clock, and obviously they weren’t because Costco, a key location for their collection, has to close some time.) Other campaigns may have similar numbers, proving that sponsors will be able to wait until late into the spring before starting a petition drive if they have enough money to pay people to gather signatures. Some people will argue that’s not what the Progressives intended when they added the initiative to the state Constitution, but that’s an argument for another day.The point is, money is flowing into the initiative campaigns, mainly from corporations, industry association and unions who stand to gain or lose if voters pass these initiatives. Already there is one seven-figure donor and 10 six figure donors to the initiative campaigns. .
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