Posted on | August 4, 2010 | No Comments
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, writes Pacific Institute president Peter Gleick in the San Francisco Chronicle.
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.
Click here to keep reading Gleick’s City Brights column in the Chronicle, or click on the cover to be taken to the Pacific Institute’s analysis, which breaks down the bond according to what it says, how it compares with past bonds, what and who it benefits, and more.