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Monday, October 19, 2026Bay Area Market: Coverage updated daily

Big Tech and Big Business are spending millions to block progressives on the California ballot

Voters in these nine legislative districts are weighing in on particularly competitive races, made even more competitive by the flood of outside money pouring in to sway public opinion.

Bay Area real estate and housing market
Curated News BriefBased on original reporting by CalMatters Housing (October 16, 2026). The summary below is the Journal’s; the local analysis is original commentary by Omar Murillo.

Look, I've been following what's happening in California's legislative races, and according to a recent CalMatters Housing report, there's an extraordinary amount of outside money flooding into these campaigns right now. We're talking about more than one hundred million dollars from political action committees backed by major players like unions and big business groups. What's really striking is that two new tech-backed organizations have come into the picture and are dominating the spending landscape. One group called Grow California, funded by some serious venture capital and crypto money types, has spent over twenty million dollars so far. Then there's California Leads, backed by Meta and Google, spending close to fourteen million to support candidates they say focus on practical solutions.

These outside groups are targeting two kinds of races specifically. First, there are the purple districts where Democrats and Republicans are actually competing. Second, and this is interesting from a strategic standpoint, they're pouring money into safely Democratic districts where different factions within the party are battling it out ideologically. The tech money is essentially being deployed to support more moderate candidates and block progressive ones, which represents a real shift in how outside money operates in California politics.

Let me walk you through a couple of the most expensive races. In Orange County, two millennial Democrats who both serve on the Santa Ana City Council are in a bitter fight. The more progressive candidate, who pushed for rent control and police oversight, is facing opposition from tech-backed groups spending millions to support her opponent. Meanwhile, unions are spending to counter that effort. Down in Los Angeles, there's a race to replace a progressive senator where tech money is backing a moderate candidate even though she claims she'll fight Big Tech regulations. Then you've got Republican races where groups are spending heavily too, with oil and gas companies and business associations financing ads.

The California Realtors Association is also getting involved in some of these races, particularly one in the coastal Los Angeles area where renters' rights are a major issue. You've got candidates taking opposite positions on rent control laws, and naturally that's drawing spending from housing industry groups and tenant advocates alike.

What I am seeing locally is that Bay Area and East Bay voters should understand what's behind the political messages they're receiving. This money is reshaping who gets elected to represent us, and it's worth paying attention to where that funding is coming from and whose interests it really represents.