As we reported earlier in the year, legislative leaders have been making noise about reopening the water bond negotiations to either delay the vote or change the funding amount. The $11.1 billion water bond is scheduled for a vote in November.
Although the primary reason being given to rewrite, downsize, and/or delay the much needed funding to the state’s water infrastructure, some Capitol-insiders believe that a primary driver is part of an ongoing attempt to clear the November ballot of measures that would compete with the Governor’s proposed tax initiative. The Governor is focused on an initiative that would increase taxes by $7 billion to purportedly support schools and public safety.
Delaying the water bond is causing concern to many in the business community because storage and conveyance infrastructure is desperately needed to assure an adequate supply.
For more information about the ongoing Water Bond Wars click here.
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