The CBPA board also endorsed two water bond measures.

The first, Proposition 68 The Parks, Environment, and Water Bond, was approved for consideration by the Legislature and will be on June ballot.  If approved, the measure would authorize $4 billion in general obligation bonds for state and local parks, environmental protection and restoration projects, and, most importantly, water infrastructure and flood protection projects.

The second water bond measure supported by CBPA is currently out for signature and will appear on the November ballot if it collects the required amount.  The measure would issue $8.9 billion in bonds to fund projects for water supply and quality, watershed, fish, wildlife, water conveyance, and groundwater sustainability and storage.

The business community in general, and commercial real estate in particular, has long advocated for the state to invest the appropriate resources to update and expand our state’s aging water storage and conveyance infrastructure.  These two bonds are a good investment to make sure that happens.

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