By Jim Small | Arizona Mirror
The Arizona efforts of California billionaire Tom Steyer to bankroll an Arizona ballot measure to increase the renewable energy requirements on utilities was highlighted today in a report by the Center for Public Integrity on out-of-state billionaires influencing ballot measure elections across the country.
Using campaign finance data collected by the nonpartisan political encyclopedia Ballotpedia, CPI identified 25 billionaires who had invested a combined $70.7 million for initiative campaigns in 19 states where they do not reside.
That figure is more than 10 percent of the $648 million in disclosed ballot campaign spending that Ballotpedia has tracked in the U.S.
