Prop 1 animated explainer: Water Bond

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Saturday, October 25, 2014
Prop 1 animated explainer: Water Bond
Prop 1 would earmark $7.5 billion in tax money for water-related issues -- quality, supply, treatment, and storage.

Prop 1 asks voters if they support spending $7.5 billion on projects for water supply and water storage. If approved, the money would spent to improve water quality and prevent drinking water contamination. It would also be used to restore and protect natural ecosystems and watersheds, with some funds being used to build dams and reservoirs. Other water projects include recycling, treatment, and flood management.

Over half of the funding would require local governments to supply about 50 percent of the cost of projects that benefit their areas.

Taxpayers would pay $360 million per year over 40 years to pay back the cost of the bonds for this proposition.

Voting YES means:

- You support the request by the governor and the legislature to spend $7.1 billion in new bonds -- and $425 million in already-approved bonds -- to pay for state and local projects for water supply and water quality.

Voting NO means:

- You do not support the request by the governor and the legislature to spend $7.1 billion in new bonds -- and $425 million in already-approved bonds -- to pay for state and local projects for water supply and water quality.

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