WATER BILL DELAYED. WILL SACRAMENTO SUFFER?

Historically, Sacramento has had the finest-tasting water in the nation. If you grew up in Sacramento you knew the difference right away as soon as you tasted the water in other cities, particularly Los Angeles. Sacramento is the champagne of public drinking water.

The cascading flows from the sacred mountain of Mt. Shasta made their way to Sacramento in a state of purity that left other water districts agog. Along the way, Sacramento fishermen thrived on the striped bass and salmon that called the beautiful Sacramento River home.

http://www.sacramentopress.com/headline/31915/WATER_BILL_DELAYED_WILL_SACRAMENTO_SUFFER

Mercury News editorial: $11 billion water bond was a stretch, all along

Gov. Arnold Schwarzenegger’s call to delay a vote on the massive water bond the Legislature approved last year is a tacit admission of what he should have known all along: The political decision last fall to add $2 billion in pork made the $11.1 billion bond all but impossible to pass, even in good times.

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Water bond measure up in the air as controversy rages

Everyone knows what the problems are. But when it comes to solutions, well, Mark Twain was right. The Safe, Clean and Reliable Drinking Water Supply Act of 2010, sponsored by the legislature, may be on the ballot in November and if so, promises to be among the most bitterly fought propositions. There is no middle ground on some of its provisions.  In breaking news, Gov. Schwarzenegger now opposes having the proposition on the November ballot, even though he sponsored it, saying it would be a distraction from other propositions, and that the voters aren’t in the mood for more debt. 

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Assemblyman Bill Berryhill Blasts AB 2775: Last Minute Bill Attempts To Fix Flawed Water Bond, But Misses The Mark

SACRAMENTO -Yesterday the two main authors of the water bond amended AB 2775 in an effort to “fix” the severely flawed $11.14 billion bond bill passed last September.  The bill deletes a provision of the bond that allows private entities to enter into a joint powers authority (JPA) that could manage surface storage projects. The bill is set to be heard Tuesday in the Senate Natural Resources Committee.

It is believed that the bill has been introduced to address a concern that the bond could potentially provide taxpayer dollars to benefit private corporations, such as Paramont Farms, owned by Hollywood billionaire Stuart Resnick, who also controls the Kern Water Bank. 

But by prohibiting private entities from joining a joint powers authority to manage a surface storage project funded by the bond, Berryhill points out that this will further hurt the possibility of the bloated bond ever building surface storage – a criticism he has made all along. 

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Cal lawmakers seek to fix $11 billion water bond

California lawmakers will consider altering an $11.1 billion water bond on the November ballot in an effort to deflect criticism that private corporations stand to benefit.

At issue is a provision in the bond that opponents say could allow private companies to partially own, operate and profit from water projects built with public money.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/06/18/state/n180439D30.DTL&type=business#ixzz0rVNL6vXW

Will Jerry Brown Take Position on Water Bond, Peripheral Canal?

Although Brown and Whitman have taken contrasting positions on an array of issues, it is unclear where Brown stands on the $11.14 million water bond on the November 2 ballot and the campaign by Governor Arnold Schwarzenegger, corporate agribusiness and southern California water agencies to build a peripheral canal and new dams.

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Split Enviro Groups Ready to Rumble Over $11B Water-Bond Referendum in Calif.

California environmental groups are split over whether to support an $11 billion water bond on the November ballot, setting up a family feud between activists who usually stand shoulder-to-shoulder against corporate interests.

The bond is backed by Gov. Arnold Schwarzenegger (R), Sen. Dianne Feinstein (D), the California Farm Bureau, construction companies and dozens of irrigation districts, to name its most prominent advocates. But also working for the initiative are the Nature Conservancy, Audubon California and the National Heritage Institute.

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Sacramento wrangling over water bond money

Gov. Arnold Schwarzenegger’s budget proposal includes $1.8 billion from an $11 billion water bond on the November ballot, prompting some lawmakers to question the administration’s rush to spend money that voters have yet to approve.

The bond would pay for an overhaul of the state’s aging and overburdened water system, and the administration has promised that no spending will take place unless voters approve the bond, which ultimately will cost taxpayers $22 billion due to interest.

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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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‘War is on’ for water bond

California Ups Water Bond Sale To $2.97 billion

California Department of Water Resources has increased the size of its bond sale by 46% to $2.97 billion, The Wall Street Journal reports. Proceeds from the bond sale will refinance at least $2 billion in debt sold in 2001 and 2002 during California’s energy crisis.

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Water conference promotes water bond

In six months, Californians will vote on one of the biggest public water bonds in the nation’s history.
However, this week, in central California – the election is now.
Hundreds of the state’s water leaders will gather in Monterey for the semi-annual conference of the Association of California Water Agencies. ACWA represents the largest percentage of water interests (hundreds of private water companies, groundwater groups and a few others are generally not members of ACWA).

The bond will be the talk of this conference. It will be the rallying cry. Behind most presentations will be THE BOND.

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Market Drinks Up Water Bond

A $2 billion bond sale by California’s Department of Water Resources saw strong demand from individual investors looking for additional yield in a market starved for new deals.

By late afternoon, almost half the issue—$966 million—had been sold to retail investors. Backed by rates revenue and with solid credit ratings, the bonds are seen as safer than the state’s general-obligation bonds.

“They’re apples and oranges,” said Miller Tabak Asset Management CEO Michael Pietronico.

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Rain may actually hurt state water bond

Water is no joke to Rodriquez

“Water — it’s not on tap for Paul Rodriguez’s stand up gig at Eagle Mountain Casino on Friday night. The chairman of the Latino Water Coalition, who is no stranger to the fertile Valley, divides his time between his entertainment career and advocating for the $11.1 billion Water Bond.

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Debate over $11.1 billion water bond begins

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Latino groups oppose water bond

STOCKTON – Latino organizers of two recent water forums are opposed to the $11.1 billion water bond facing California voters Nov. 2.

“We stand against it,” Michael Villanueva, president of Hispanics for Political Action, said after hearing from various sides of the water issues at the forums his organization sponsored at University of the Pacific.

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Proponents tout state overhaul to water management agencies

With the state Legislature’s passage of a landmark water bill last year, proponents are now focusing on how to encourage voters to approve an $11.1 billion water bond in November that would pay for many of the bill’s provisions.

At the Association of Water Agencies of Ventura County’s annual symposium Thursday, titled “A Historic Fix or a Bag of Tricks?” a mix of speakers presented arguments on how the bond measure could affect the state….

More in The Ventura County Star.

Column: Water bond needed to save delta

Column by Graham Chisolm, the executive director of Audubon California and Mike Sweeney, rhe executive director of the Nature Conservancy in California:

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/15/ED9C1CVBH8.DTL&feed=rss.opinion#ixzz0lJFljPSK

Water leaders explore November water bond

Riverside Press-Enterprise, April 15, 2010:

Water leaders on Wednesday countered opposition to a $1.1 billion November bond measure, emphasizing that the money would not be used to build a peripheral canal around the Sacramento-San Joaquin Delta.

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