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.
Chart depicts total fundraising by all committees primarily formed for and against Prop 3.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 3 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 $8.9 billion in general obligation bonds to fund various water and environmental projects.
A NO vote on this measure means: The state could not sell $8.9 billion in general obligation bonds to fund various water and environmental projects.
For background on Proposition 3, an analysis by the legislative analyst, endorsements for and against the measure, and more...
YES ON 3 secures safe, reliable, and clean water for California. YES ON 3 provides safe drinking water; repairs unsafe dams; provides drought protection; improves water quality in our ocean, bays, and rivers; and captures, treats, and reuses stormwater. YES ON 3 provides water for people, farms, and the environment.
Prop. 3 gives money to lots of organizations. That's the whole idea. But it will not produce one drop of new, usable water. Interest payments on the bonds will double the amount that has to be repaid to bond holders. Think about it . . . seriously. Vote NO.