Can California Afford an $11.1 Billion Water Bond?

An $11.1 billion Water Bond Proposition now on the November ballot would pay for the overhaul of California’s aging and overburdened water system. If passed by the voters, the bond will ultimately cost taxpayers $22 billion when interest is included. Putting aside the merits or demerits of the bond measure, can California, now in a budget crisis, afford it?

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1 Comment (+add yours?)

  1. Ralph E. Stone
    May 25, 2010 @ 06:59:55

    I note that groups like the Sierra Club, Clean Water Action, Environmental Justice Coalition on Water, and Food & Water Watch among others oppose it because they believe that it is not only bad fiscal policy, it is also bad water policy.

    Reply

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