Waterfix Finances....
This project in some form or another has been studied to death over at least 30 years as it was initially proposed decades before the turn of the century. Remember the peripheral canal and the rejection by the voters at the polls??? The problem was always that it made no economic sense and caused environmental damage. Politically, for the governor, it's a must do project. So, he's doing everything he can to make it happen, up to and including making every move to assure that ratepayers/taxpayers foot the bill. Waterfix has been examined by economists from NorCal universities and, with the exception of UC Berkeley, concluded that the project wasn't cost beneficial. Of course, none of this takes into account the aging portion of the CVP/SWP from the pumps to the ends of the canals. Guess who will pay for the repairs/upgrades to damages to bridges/overpasses caused by over pumping of groundwater. After all, Waterfix only provides for 35 miles of tunnels.
If you're a ratepayer receiving water from the SWP, you can look forward to paying increased bills for water delivery and (as a taxpayer) footing a portion of the bill from the general fund to service the bond debt and Delta restoration (finding a place in the Delta to dump tunnel muck and calling it restoration) over the next 50 years. The rest of us will suffer the fate of paying for servicing the bond debt as taxpayers. Brown's gift to growers and water contractors.
That's enough ranting from me....
Last edited by Darian; 08-10-2018 at 07:59 PM.
"America is a country which produces citizens who will cross the ocean to fight for democracy but won't cross the street to vote."
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