Cal Water Bond: What does Prop. 18 really say and do?

At the end of 2009, the California Legislature passed a series of water-related bills and at the same time approved a massive $11.14 billion bond [the “Safe, Clean, and Reliable Drinking Water Supply Act of 2010”] to fund a wide range of water projects and efforts. This is the largest water bond in 50 years, yet the costs and benefits of the bond have not been fully assessed by an independent organization. Until now.

This bond is to be voted on by California voters in November, as Proposition 18. The Governor recently proposed postponing the bond, but the Legislature has not yet taken the action required to have it pulled off of the November ballot.

The Pacific Institute has just completed a major, comprehensive, and independent analysis of the bond and released the report: The California 2010 Water Bond: What Does It Say and Do?

Read more: http://www.sfgate.com/cgi-bin/blogs/gleick/detail??blogid=104&entry_id=69267#ixzz0va7H8Xl7

Trager Water Report Commentary: The bottom line is that the state is broke and can’t afford the $800 million yearly bond cost, especially for all the pork in it.
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