Published On: Mon, Oct 20th, 2014

Two Billionaires Dominate Funding for Oregon Top-Two Primary Effort

Michael Bloomberg

Michael Bloomberg and John Arnold have contributed close to $3 million to candidates in the upcoming Oregon primary, the Portland Tribune reported.

Arnold, a hedge-fund manager in natural-gas trading, contributed $1.5 million to Open Primaries, one of the campaign committees in support of Measure 90.

Oregon Ballot Measure 90, a.k.a. “Top-Two Primary, ” is a ballot measure to determine whether or not to enact a law changing its primary election. Rather than registered voters associated with both major political parties choosing party nominees, the measure would allow the top two leaders in an “all-comers primary” to proceed to the general election, regardless of party affiliation.

Former New York mayor Michael Bloomberg contributed $1.25 million to the main support committee, which has reported raising $2.8 million and spending $2.15 million.

Labor unions, the Democratic and Republican parties, and the Pacific Green and Progressive parties oppose Measure 90.

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