Might California’s Massive Water Bond Fall Off the November Ballot?

From Flashreport:

A hot rumor around Sacramento lately has been the status and fate of the water bond, now known as Prop 18 on this November’s state ballot. The realities of the economy and state budget wreck have finally hit home to Sacramento decision makers that an $11 Billion measure may not fly with voters this year. Many don’t see how we will make the $900 million per year payments…or that they’re getting value for those payments. Today, the Governor, bond proponents, and others including Sen. Darrell Steinberg seem to now publicly agree that this isn’t the year.

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Adrian Moore

Adrian Moore, Ph.D., is vice president of policy at Reason Foundation, a non-profit think tank advancing free minds and free markets. Moore leads Reason's policy implementation efforts and conducts his own research on topics such as privatization, government and regulatory reform, air quality, transportation and urban growth, prisons and utilities.