Fiscal Impacts
We would be certified to borrow $7.1 billion dollars by selling additional general obligations bonds to investor, whom would be repaid with interest using the states general tax revenues. We would be paying back over $365 billion dollars annually over the next 40 years. I found out that this amount is about one-third of a percent of the states General Fund Budget.
Legal Impacts
If proposition 1 passes the California Water Committee will gain the ability to control over the spending of the money for the water projects instead of the California State Legislature and also it will now be illegal to build canals and tunnels over the Delta.
Social Impact
If this law is passed there will be less money on schools and jails. Less money on schools will affect children on their education. Less money at jails will shorten the sentences in prisoners so there will be more crimes happening.