$9 billion bond proposed for water

Less than a year after voters approved $9.5 billion in bonds for water infrastructure projects, Gov. Arnold Schwarzenegger on Tuesday proposed another $9 billion water bond for the February ballot. Harrison Sheppard in the Daily News.

If approved, local water agencies would have to match the state funds with an additional $5 billion, bringing the total cost to at least $14 billion.

But the new bond money is needed to address a growing crisis exacerbated by drought conditions and increasingly restricted supplies, the governor said.