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Proposition 68 - $4 Billion in Bonds for Natural Resources

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Overview:

This proposition authorizes $4.1 billion in general obligation bonds for the creation and rehabilitation of state and local parks, natural resources protection projects, climate adaptation projects, water quality and supply projects, and flood protection projects.

A YES vote on Proposition 68 means the state could sell $4.1 billion in general obligation bonds to fund various natural resources-related programs such as for habitat conservation, parks, and water-related projects.

A NO vote on Proposition 68 means the state could not sell such bonds.

Fiscal Impact:

According to the Legislative Analyst Office (LAO), Proposition 68 would result in increased state bond repayment costs averaging about $200 million annually over the next 40 years.  LAO estimates savings to local governments, likely averaging several tens of millions of dollars annually over the next few decades.

CCC Position:

No position.

Reflections on Church Teaching:

"The natural environment is a collective good, the patrimony of all humanity and the responsibility of everyone.  If we make something our own, it is only to administer it for the good of all. If we do not, we burden our consciences with the weight of having denied the existence of others."  - Pope Francis, Encyclical Letter Laudato Si : On Care for our Common Home (May 2015).

The "principle of subsidiarity" must be respected: "A community of a higher order should not interfere with the life of a community of a lower order, taking over its functions." In case of need it should, rather, support the smaller community and help to coordinate its activity with activities in the rest of society for the sake of the common good.  - Pope John Paul II, Centesimus Annus, #48 (1989)

Another instrument of political participation is the referendum, whereby a form of direct access to political decisions is practiced. The institution of representation in fact does not exclude the possibility of asking citizens directly about the decisions of great importance for social life. -  Compendium of the Social Doctrine of the Church [413]