Sunday, August 25, 2013

          Professor Brian Gray Argues for Balanced Water Bond Portfolio in Op-Ed

          In recent weeks, work has begun in earnest in the Capitol to revamp the water bond that will go before California voters in November 2014.

          Everyone seems to agree that the new bond needs to be smaller than the $11 billion bond currently slated for that ballot, which polling suggests is more than the voters are likely to approve. But agreeing on what the new bond should include is proving harder. Our advice? This is an opportunity to put California on a more sustainable water funding diet – with a balanced portfolio that relies less on periodic injections of general-fund-backed debt.

          A bit of background on the current bond dilemma: From 2000 to 2006, California voters approved six general obligation bonds for water-related purposes, totaling more than $23 billion (in today's dollars). This is nearly three times as much as the sums approved in the preceding 30 years, and it translated into generous state programs to support local water, wastewater, flood protection, ecosystem restoration and parks. By the time the Legislature approved the proposed $11 billion bond in late 2009, water managers had gotten used to a steady stream of funds, and a new bond was needed to maintain it.


          Read more of Professor Brian Gray's Op-Ed in the Sacramento Bee.
          Go to News Archive

          Share this Story

          Share via Facebook
          Share via TwitterShare via EmailPrint Friendly Version

          Other Recent Stories/ RSS

          Monday, May 22, 2017

          UC Hastings Students Honored for Public Interest Service

          The UC Hastings community celebrates its inspiring, tireless, and big-hearted students with a dedication to serve and help others in need.
          Tuesday, May 09, 2017

          Antitrust Law & American Rag: Larry Russ ’78 gives his advice on success in law and entrepreneurial ventures

          UC Hastings alumnus Larry Russ discusses the law, business, and making a plan for the future.
          Monday, May 01, 2017

          Thinkers & Doers: April 2017

          Legal Marketing Website -- The Nuclear Option -- A Festschrift for Prof. Miyazawa -- “Nobody’s going to copy something that’s going to kill people” -- One of the Frozen Chosen -- Wildfire Gig Economy -- and much more
          Monday, May 01, 2017

          UC Hastings Courtside: 3L Paul Jones works with Brooklyn Legal Services in New York City

          Paul Jones experiences real-life practice in Brooklyn, New York and the Kings County Housing Court through the Pro Bono Scholars Program.
          Thursday, April 20, 2017

          Legalized: Aaron Herzberg ’95 is at the forefront of California’s budding cannabis industry.

          2L Jeremy Schwartz, President of UC Hastings Law Students for Sensible Drug Policy, interviews the divorce attorney turned marijuana real estate entrepreneur and dispensary owner.
          Go to News Archive