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    CalMatters · Mikhail Zinshteyn · October 20, 2026

    This institute could get $4 billion from a ballot measure. With just three workers, is it ready?

    CalMatters examines CIII’s readiness to manage $4.2 billion in potential Proposition 38 funding. The report finds the institute had three employees as of September, far below its hiring plan, and examines construction timelines and exemptions from state transparency laws.