Market2018 California Proposition 68
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2018 California Proposition 68

California Proposition 68 was a legislatively referred constitutional amendment that appeared on ballots in California in the June primary election in 2018. It was a $4.1bn bond measure to fund parks, environmental projects, water infrastructure projects and flood protection measures throughout California.

Proposal
The Proposition would allow the State of California to borrow $4.1bn using a municipal bond scheme in order to fund parks, water and flood protection infrastructure and various environmental projects. The Proposition set allocation of these funds between different strategies: • Natural Resource Conservation and Resiliency - $1.547bnState conservancies and wildlife conservation - $767m • Climate preparedness and habitat resiliency - $443m • Ocean and coastal protection - $175m • River and waterway improvements - $162m • Parks and recreation - $1.283bn • Parks in neighbourhoods with few parks - $725m • Local and regional parks - $285m • State park restoration, preservation and protection - $218m • Trails, greenways, and rural recreation - $55m • Water - $1.27bnFlood protection - $550m • Groundwater recharge and cleanup - $370m • Safe drinking water - $250m • Water recycling - $100m The cost to the public was estimated to be $7.8bn after paying off interest, or an average annual repayment of $200m for forty years. ==Campaign==
Campaign
Support Proposition 68 was authored by State Senator Kevin de León. The 'Yes' campaign focused mainly on the improvements the Proposition would bring to parks, saying that it would remedy years of "under-investment" in environmental infrastructure in poorer communities. 'Yes' supporters spent more than $9m throughout the campaign. EndorsementsJerry Brown, then-Governor of CaliforniaGavin Newsom, then-Lieutenant Governor of CaliforniaLos Angeles Times, the United States' fifth largest newspaper, based in Los AngelesThe Sacramento Bee, Sacramento's largest newspaper • Daily Bruin, University of California, Los Angeles newspaper • The Mercury News, paper from San Jose, California • The Outdoor Industry AssociationSave the Redwoods LeaguePeninsula Open Space TrustChico Enterprise-Record, newspaper of Chico, California ==Results==
Results
Yes/No Statement A "yes" vote on Proposition 68 proposes: The state could sell $4.1 billion in general obligation bonds to fund various natural resources-related programs such as for habitat conservation, parks, and water-related projects. A "no" vote on Proposition 68 proposes: The state could not sell $4.1 billion in general obligation bonds to fund various natural resources-related programs. Results Proposition 68 gained 3,808,000 yes votes and 2,831,899 no votes (a total of 6,639,899 votes), so passing with 57.35% approval ==References==
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