$2.7 billion bond fund to build water reservoirs sits idle in California

Published August 16, 2021 11:00am ET



It’s been seven years since drought-wracked California raked in $2.7 billion in bond funds that promised construction of reservoirs to capture excess water runoff during winters.

The money is sitting in a bank account without a single shovel of dirt overturned to begin construction of eight above-ground water holding facilities. Meanwhile, governors and local politicians over the years have called for urban water cutbacks and even rationing for farmers who have watched crops wither and die due to decreased water supply.

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