Update November 8, 2006
Proposition 1E was passed by 63.9% of voters.
Proposition 1E in Plain English
This bond measure would provide $4.09 billion for flood control projects. Specifically, the Central Valley Flood Control System and Delta levees would receive $3 billion to repair and improve levees, another $800 million would go to projects outside the Central Valley, and $290 million for protecting flood corridors and to improve flood-hazard maps. It is estimated to cost about $8 billion over 30 years.
Official Title and Summary
Disaster Preparedness and Flood Prevention Bond Act of 2006.
- 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.
- Protects California’s drinking water supply system by rebuilding delta levees that are vulnerable to earthquakes and storms.
- Authorizes a $4.09 billion dollar bond act.
- Appropriates money from the General Fund to pay off bonds.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
- State cost of about $8 billion over 30 years to pay off both the principal ($4.1 billion) and interest ($3.9 billion) costs on the bonds. Payments of about $266 million per year.
- Reduction in local property tax revenues of potentially up to several million dollars annually.
- Additional unknown state and local government costs to operate or maintain properties or projects acquired or developed with these bond funds.
Analysis
- Official Legislative Analysis, California Legislative Analyst’s Office (PDF)
- In Depth Nonpartisan Analysis, League of Women Voters Ca.
Articles
- Proposition 1E a necessary start for improving aging state levees. San Jose Mercury News
- On Nov. 7, Californians can choose to build for the future. San Jose Mercury News
- Editorial: Bonds for the future, Yes on Props. 1B, 1C, 1D, 1E and 84. Sacramento Bee
- Props. 1B, 1C, 1D, 1E and 84: Public works bonds: No. The infrastructure bonds will dangerously run up state debt for too little in return. Orange County Register
- The $46-Billion Questions Await State’s Voters, Ballot measures would release a torrent of spending on California’s infrastructure but test the public’s stomach for more debt and taxes. Los Angeles Times
- Rising River, Rising Risk. The state’s growing population and demand for housing has spurred new home developments directly behind them. And massive levee breaks are what has many worried that a disaster on a similar scale to New Orleans could happen here. California Connected