Proposition 3

Bonds to Fund Water-Related Projects

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Would authorize $8.877 billion in state general obligation bonds for various water-related infrastructure and environmental projects. It would fund projects for water Supply and quality, watershed, fish, wildlife, water conveyance, and groundwater sustainability and storage. Proposition 3 is an initiative statute.

Fiscal Impact: Would increase state costs to repay bonds, averaging $430 million per year over 40 years. Local government would save on water-related projects as a result, likely averaging a couple hundred million dollars annually over the next few decades.

Semi-official results:

Yes: 1,917,688 (47.1%)

No: 2,150,013 (52.9%)

Details

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