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News Link • Economy - Economics USA

Billionaire's breakup plan would chop California into six states

• http://www.reuters.com, Jennifer Chaussee

Timothy Draper, a founder of a Silicon Valley-based venture capital firm that has invested in Twitter, Skype and Tesla, among other companies, has been agitating for months for a ballot initiative to chop the most populous U.S. state into smaller entities.

"It's important because it will help us create a more responsive, more innovative and more local government, and that ultimately will end up being better for all of Californians," said Roger Salazar, a spokesman for the campaign. "The idea ... is to create six states with responsive local governments - states that are more representative and accountable to their constituents."

Salazar said Monday that the campaign had gathered more than the roughly 808,000 signatures needed to place the measure on the November, 2016 ballot. Draper and other supporters plan to file the signatures with California Secretary of State Debra Bowen on Tuesday.

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