Posted: May 9, 2012 8:54 PM by Associated Press
SACRAMENTO, Calif. (AP) - The benefactor who helped change the way California draws its political boundaries is sinking his money into another reform project.
Charles Munger Jr. has given $750,000 to start the California Reform Institute, described as a think tank that will explore realistic solutions to the state's problems. Munger, a Stanford physicist, is the wealthy son of a longtime business partner of Warren Buffett.
He financed ballot measures creating an independent redistricting commission that has redrawn California's congressional and legislative maps. His sister is financing an initiative to increase school funding by raising income taxes primarily on the wealthy.
Republican state Sen. Sam Blakeslee announced Wednesday that he will form the institute with Munger's backing.
Blakeslee is not seeking re-election this year after the commission drew him into a heavily Democratic district.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
5/9/2012 5:49:06 PM (GMT -7:00)
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