Summary Authorizes $3,440,000,000 general obligation bonds, to be repaid from state's General Fund, to fund a variety of water projects including: specified CALFED Bay-Delta Program projects including urban and agricultural water use efficiency projects; grants and loans to reduce Colorado River water use; purchasing, protecting and restoring coastal wetlands near urban areas; competitive grants for water management and water quality improvement projects; development of river parkways; improved security for state, local and regional water systems; and …showed first 75 words of 563 total…

…showed last 75 words of 563 total…storage such as reservoirs or dams is included. • Proposition 50 will cost taxpayers $5.7 billion. • A canal to divert water from the Sacramento River to the California Aqueduct is not included. • Proposition 50 will cost California Taxpayers a total of $5.7 billion that’s $227 million each year for the next 25 years. • Proposition 50 is more about money than water. • Some of the largest real estate developers in California are big investors in this scheme to extract $3.44 billion from the taxpayers.