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Introduction to Financial

 

 

Preface

 The financial data is being updated.

 

Federal Election Costs

Presidential federal election costs are spread amongst federal, state, county and local authorities. The most credible estimate of their total comes from a Voting Technology Project by Caltech and MIT dated July 2001. They estimate that the total cost of a federal election, excluding special one-time costs, is about $1 billion, or about $10 per voter. For this reason, it is not cost effective to have annual votes on Initiatives, but to make them coincide with the federal elections.

Cost of Publishing a Proposed Initiative in a Newspaper

National newspapers' list prices range from about $4 to $8 per character. The Assembly will negotiate a bulk price for newspaper publication, which will probably average in the mid-range at about $6 per character. A Proposed Initiative of 300 words would cost about $10,000. However, this price is affordable to organizations, many individual citizens, and a group of citizens that could easily be assembled for a worthwhile Initiative. It is also sufficient to discourage frivolous Initiatives and to encourage brevity in worthwhile Initiatives. It appears to be the most cost effective method of publication. The Assembly has the authority to add a smaller (probably not national) newspaper with lower costs if this becomes desirable later; initially the Assembly should protect itself from a possible deluge of proposed Initiatives.

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 July 18, 2008