Authorizes Bonds to Fund Projects for Water Supply and Quality, Watershed, Fish, Wildlife, Water Conveyance, and Groundwater Sustainability and Storage
California Ballot Measure - Proposition 3
Election: Nov. 6, 2018 (General)
Outcome: Failed
Categories:
Animals and WildlifeEnvironment
Infrastructure
Government Budget and Spending
Summary
Authorizes $8.877 billion in state general obligation bonds for various infrastructure projects. Fiscal Impact: Increased state costs to repay bonds averaging $430 million per year over 40 years. Local government savings for water-related projects, likely averaging a couple hundred million dollars annually over the next few decades.
Resources
Official Summary
Source