By Josh Richman
Monday, March 23rd, 2009 at 10:38 am in General.
California’s longtime lottery contractor, Rhode Island-based gaming technology and services company GTECH, last week launched and put $250,000 into “Californians for Modernization,” a campaign committee urging passage of Proposition 1C on the May 19 special election ballot.
Proposition 1C, of course, is “Lottery Modernization Act,” which the nonpartisan Legislative Analyst’s Office says “allows the state lottery to be modernized to improve its performance with increased payouts, improved marketing, and effective management” while it also allowing for $5 billion in bond borrowing from future lottery profits to help close the current budget deficit.
The LAO has cautioned that “debt-service payments on the lottery borrowing and higher payments to education would likely make it more difficult to balance future state budgets,” though that impact would be lessened by potentially higher lottery profits.
GTECH’s new investment in this ballot-measure campaign seems to be a continuation of the influence it has sought to exert by spending $432,693 to lobby the Legislature in the 2007-08 session; $410,277 in the 2005-06 Legislature; and $778,406 in the 2003-04 Legislature.
Some other big-ticket campaign finance news, after the jump…
The Democratic State Central Committee of California pulled down almost $300,000 in the past week:
And Assemblyman Curren Price Jr.’s run for the 26th State Senate District seat down in Central Los Angeles — where the special election to replace Mark Ridley Thomas (elected in November to the LA Board of Supervisors) will be held tomorrow — also made bank in the campaign’s final week: