California Cannot Afford the Budget Busting and Environmentally Destructive Water Bonds Proposed by the Chamber of Commerce

Published: December 14, 2007, 8:32 am

Tags: water

By Steven L. Evans Conservation Director Friends of the River Yesterday, Friends of the River denounced budget-busting and environmentally destructive water bond initiatives proposed by corporate agribusiness and development interests. These initiatives, recently filed with the Secretary of State by the California Chamber of Commerce, are potentially the biggest give-away of public resources to private business interests since Congress gave nearly a quarter of California to the railroad barons in the 1860s. It's self-serving of corporate interests to delude the public into borrowing nearly $12 billion for destructive dam projects we don't need when these same interests can well afford to build these projects on their own. California is now facing a $14 billion deficit. The state's own water plan shows that investing in efficient water use, recycling, and groundwater management programs will produce far more water at significantly less cost to the taxpayer. An analysis by

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