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$6 billion water bond promised by governor rescue California from drought

2014-08-07 14:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: California governor Jerry Brown has called upon lawmakers to approve a $6 billion (3.5bn) bond measure to secure the states water supply, as the east coast suffers from a record drought. The $6 billion bond is far smaller than the original $11.1 billion (6.5bn) bond that was approved in 2011 by then state governor Arnold Schwarzenegger. Brown stated that California could not afford the repayments, on top of an already large bond debt repayment scheme it is currently following, but drastically...

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