The SacBee’s Dan Walters says the 2010 state water bond, the law that created the peripheral tunnel, is dead.
“It was taken off the 2012 ballot and although it’s still officially scheduled for 2014, it will be extensively rewritten and reduced – meaning water policy is back to square one,” he writes here.
He cuts to the chase: money.
“Even though the apparatus created to write a new plan for the Delta has been functioning, actually doing what it advises and constructing the new conveyance depends on having the money to lubricate the process from a bond issue. However, the state has little capacity to float new general obligation bonds of any kind, and water would compete with school and bullet-train bonds, among others.”
No money, no peripheral tunnels. Did I mention the snowpack is at 147 percent?