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Authorizes $7.545 billion in general obligation bonds for state water supply infrastructure projects, including surface and groundwater storage, ecosystem and watershed protection and restoration, and drinking water protection. Fiscal Impact: Increased state bond costs averaging $360 million annually over 40 years. Local government savings for water-related projects, likely averaging a couple hundred million dollars annually over the next few decades.
YES A YES vote on this measure means: The state could sell $7.1 billion in additional general obligation bonds—as well as redirect $425 million in unsold general obligation bonds that were previously approved by voters for resource-related uses—to fund various water-related programs.
NO A NO vote on this measure means: The state could not sell $7.1 billion in additional general obligation bonds to fund various water-related programs. In addition, $425 million in unsold general obligation bonds would continue to be available for resource-related uses as previously approved by voters.
PRO PROPOSITION 1 provides a reliable supply of water for farms, businesses and communities, especially during droughts. It supports economic growth and protects the environment. It is fiscally responsible, is guided by a comprehensive state water plan and does NOT raise taxes. Democrats and Republicans Agree: VOTE YES ON PROPOSITION 1!
CON California can't afford Prop. 1's misplaced spending. It does little to relieve the drought or improve regional water self-sufficiency. It threatens our rivers and streams. Private water users won't pay for these dams; taxpayers shouldn't either. Prop. 1 drains funding for schools, health care, roads and public safety. VOTE NO!