Should the state sell $4.1 billion in general obligation bonds to finance disaster preparedness and flood prevention projects at the state and local levels?
This act rebuilds and repairs California's most vulnerable flood control structures to protect homes and prevent loss of life from flood-related disasters, including levee failures, flash floods, and mudslides; it protects California's drinking water supply system by rebuilding delta levees that are vulnerable to earthquakes and storms; by authorizing a $4.09 billion dollar bond act.
(Put on the ballot by the Legislature)
State costs of approximately $8 billion over 30 years to replay bonds. Reducation in local property tax revenues of potentially up to several million dollars annually. Additional unknown state and local operations and maintenance costs.
- A YES vote on this measure means:
- The state could
sell about $4.1 billion in
general obligation bonds
to fund flood management
projects, including repairs
and improvements to levees,
weirs, bypasses, and other
flood control facilities
throughout the state.
- A NO vote on this measure means:
- A NO vote on this measure
means: The state could not
sell about $4.1 billion in
general obligation bonds
for these purposes.
- Summary of Arguments FOR Proposition 1E:
- Yes on Proposition 1E protects
against floods and helps
ensure an adequate supply
of clean drinking water for
all Californians. It repairs
levees and increases flood
protection. 1E also helps
prevent water pollution in our
streams and ocean. Rebuild
California: YES on 1E--Clean
Water, Flood Protection, and
Disaster Preparedness.
Full Text of Argument In Favor,
Rebuttal
- Summary of Arguments AGAINST Proposition 1E:
- We cannot afford
$4,090,000,000 in new debt
and higher taxes to pay it
back. Local projects should
be funded locally, without
unfair subsidies. This bond
will not provide any new
drinking water. The repairs
funded by this bond will
need to be repaired again
before this bond is repaid.
Full Text of Argument Against,
Rebuttal
- Contact FOR Proposition 1E:
- Let's Rebuild California
1127 11th Street, Suite 950
Sacramento, CA 95814
(916) 448-1401
info@readforyourself.org
http://www.readforyourself.org
- Contact AGAINST Proposition 1E:
- Thomas N. Hudson, Executive Director
California Taxpayer Protection Committee
9971 Base Line Road
Elverta, CA 95626-9411
(916) 991-9300
info@protecttaxpayers.com
http://www.protecttaxpayers.com
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League of Women Voters of California Education Fund
Pass:
4,638,636 /
64.0% Yes votes ......
2,613,728 /
36.0% No votes