Authorizes $4 billion in general obligation bonds for: parks, natural resources protection, climate adaptation, water quality and supply, and flood protection. Fiscal Impact: Increased state bond repayment costs averaging $200 million annually over 40 years. Local government savings for natural resources-related projects, likely averaging several tens of millions of dollars annually over the next few decades.
Chart depicts total fundraising by all committees primarily formed for and against Prop 68.Totals are updated daily with contributions from Power Search and adjustments from the most recent Political Reform Division analysis.
Showing the 10 largest contributions to committees formed primarily for and against Prop 68 in the election cycle when it appeared on the ballot. Contributions in earlier election cycles and contributions between allied committees are excluded. For more information on funding for ballot measure campaigns, visit the Power Search campaign finance search engine.
A YES vote on this measure means: The state could sell $4.1 billion in general obligation bonds to fund various natural resources-related programs such as for habitat conservation, parks, and water-related projects.
A NO vote on this measure means: The state could not sell $4.1 billion in general obligation bonds to fund various natural resources- related programs
For background on Proposition 68, an analysis by the legislative analyst, endorsements for and against the measure, and more...
California faces droughts, wildfires, floods, and other challenges to our water and natural resources. YES ON 68: Invests in natural resources and disaster prevention, cleans up contaminated drinking water, increases local water supplies, provides safe parks for children and future generations. Annual audits ensure accountability. American Lung Association in California, California Chamber of Commerce, The Nature Conservancy, agree: www.YES68CA.com
I'm not here to tell you that addressing drought, water, parks, climate, coastal protection, and outdoor access is wrong. Borrowing for them is wrong. California has enough debt. It has the worst balance sheet of all 50 states. The last thing the State of California needs is more debt!