Your guide to Proposition 38: Immunology and immunotherapy research funding

“As written, Proposition 38 is deceptive.”—Robert M. Kaplan, No on Proposition 38 co-chair

The Los Angeles Times explains Proposition 38’s $8.4 billion borrowing plan, its estimated $500 million to $600 million in annual debt payments, the highly specific criteria for the institute that would receive half the money, and the uncertainty of any revenue from funded research.