Movie producer Stephen L. Bing is believed to have set a new California campaign contribution record with Thursday’s announcement that he has donated an “unprecedented” $40 million to Proposition 87, the oil tax initiative on the November ballot, the Sacramento Bee reports.
While other wealthy activists have contributed large sums to their own political campaigns, no individual is known to have contributed this much to a ballot measure in California.
Airline executive Al Checchi, for instance, gave more than $40 million to his 1998 gubernatorial campaign before losing the Democratic primary.
