OAKLAND, Calif. — The Pacific Institute released a report, “Insights into Proposition 1: The 2014 California Water Bond,” to help California voters, who will vote on Nov. 4, better understand Proposition 1, the Water Quality, Supply and Infrastructure Improvement Act of 2014, according to a press release.
This ballot measure would reallocate $425 million of previously authorized but unissued bonds to fund several water-related actions and infrastructures as well raise $7.12 billion in new general obligation bonds, stated the release.
The release reported that after total costs of the bond are determined, including interest payments, Proposition 1 will cost more than $14 billion, becoming California’s fourth largest water bond in the state’s history.
Pacific Institute’s report analyzes the bond’s main provisions as well as their potential impacts, explains how funds would be allocated and highlights ways the bond can address the needs of disadvantaged communities and ecosystems, noted the release.
“California voters are faced with a difficult decision on the water bond,” said Pacific Institute President Peter Gleick. “Our new report looks at the subtleties along with the complexities of the bond measure to help voters make wise decisions at the polls.”
Read the entire release here.