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BioCommunique Article

Biocom-endorsed Proposition 14, which would renew California’s stem cell research program, appears headed for victory by almost three percentage points.

Stem Cell Commission Renewal Seems Likely, Split Roll Tax Close to Defeat

  • 2020-11-12T21:00:00.000+0000
  • California
  • Author: Jimmy Jackson

In ballot measure news, Biocom-endorsed Proposition 14, which would renew California’s stem cell research program, appears headed for victory by almost three percentage points. This measure would make available $5.5 billion in state bond funding to be granted for stem cell work through a competitive peer-reviewed process. The renewal of Proposition 14 was critical to continue the pioneering work being done in California in stem cell research. Congratulations and thank you to all those who worked tirelessly for its passage.

Proposition 15 would have raised property taxes for many businesses by creating a “split roll property tax” system whereby businesses would be reassessed regularly and taxed on the revised value of their property. This initiative was failing 48.3% to 51.7%.

Full state ballot measure results can be found here. Biocom will keep you abreast if the results of any of these races change before their December 11th certification by the California Secretary of State.