How Does $5.5 Billion Become Only Five Bucks? A Question Yet to be Answered

Sep 28, 2020

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Call it California's five-buck, stem cell mystery. It could be a case of Proposition 14 campaign voodoo or just simply a boring calculation, but no one knows -- at least anyone who is willing to talk.

As readers may recall, Proposition 14 is a $5.5 billion bond measure (plus a lot of other things) aiming at saving the state stem cell agency from financ…

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