Prop 18 analyzed by The Pacific Institute
Click on the cover for a PDF file the Pacific Institute's analysis of Proposition 18, California's $11.1bn water bond
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.
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