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LWV California Education Fund Nonpartisan Analysis ofProposition 204Safe, Clean, Reliable, Water Supply ActLegislative Bond ActThe QuestionShould the state borrow $995 million through the sale of general obligation bonds to restore and improve the Bay-Delta and for wastewater treatment, water supply and conservation, and local flood control and prevention?
The SituationThe state has previously sold bonds to improve water quality, guarantee water supply, and provide for fish and wildlife habitat. Almost all the money from these bond measures has been spent or is committed to specific projects. The San Francisco Bay/Sacramento-San Joaquin Delta provides drinking water for 22 million Californians. It also provides irrigation for 45% of all the fruits and vegetables produced in the United States. The state and federal governments are working on a long-term joint project, CALFED, to manage the Bay-Delta water and restore its ecology.The ProposalProposition 204 will authorize the sale of $995 million in general obligation bonds to restore and improve the Bay-Delta, for wastewater treatment, water supply, and conservation, plus provide funds for some local flood control and to pay some of the state's share of the CALFED project.Fiscal effect: If the bonds are sold at 6%, the principal and interest would be $1.8 billion. The average cost per year would be $71 million. Supporters Say
Opponents Say
Last updated: October 28, 1996 Send comments and suggestions concerning this page to lwvc@thecity.sfsu.edu Copyright 1996 League of Women Voters of California. All rights reserved. |