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Big Money vs. Clean Money

Associated Press reports:

An initiative drive to dry up funding for Arizona's system of public campaign financing is getting five-figure contributions from developers and other big names in Arizona business.

The first regular disclosure report filed by the campaign committee for the "No Taxpayer Money for Politicians Act" lists $144,900 in contributions through Dec. 31 - four-fifths of it in contributions of $5,000 or more.

The proposed initiative would ask voters to amend the Arizona Constitution to bar taxpayer money - including the traffic and criminal fine surcharges that provide most of the campaign system's financing - from being used for candidates' campaigns.

Arizona voters approved creation of the "Clean Election" campaign finance system in 1998. It provides financing to participating candidates and imposes new reporting requirements and contribution limits on candidates receiving traditional, private financing.