It's a dem win. I've only skimmed through it, but it caps the increases quite high, IIRC it caps it more than 50% above what the voter initiative wouldve been. And a voter initiative would've won by a huge margin. I halfway wonder if the proponents of that initiative got some "lobby" benefits passed along.
How can they cancel all the voters who signed the petition? Should have left it and let the legislature scramble.