California Water Infrastructure and Watershed Conservation Bond Initiative; authorizes $8.877 billion in general obligation bonds for water infrastructure, groundwater supplies and storage, surface water storage and dam repairs, watershed and fisheries improvements, and habitat protection and restoration.
The Libertarian Party of California recommends a “No” vote on Proposition 3.
Since 2006 there has been $20.478 billion in bonds approved for water infrastructure and according to the State Treasurer in August 2018 there are still $7.1 billion in bonds that haven’t been issued. There have been no notable improvements in that time period with money still available, and there is no reason that the State of California should be saddled with another $8.877 billion in unfunded liabilities. Further, although part of the funds from this bond will go toward groundwater storage and water recycling, about half the money is earmarked for low priority uses like watershed land improvements, fish and wildlife habitat and flood protection.