The Proposition would allow the State of California to borrow $4.1bn using amunicipal 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:[1]
Natural Resource Conservation and Resiliency - $1.547bn
Proposition 68 was authored byState SenatorKevin de León.[2] 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.[3] 'Yes' supporters spent more than $9m throughout the campaign.[4]
Opposition to Proposition 68 mainly argued that instead of issuing debt, the state should fund parks and environmental projects through California's general fund.[12] It was also noted that although the 'Yes' campaign was promoting the Proposition on its benefits to parks, less than one third of the money would actually go towards parks and recreation.[13]
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 forhabitat 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.[1]
