California Proposition 40 (2002)
From Ballotpedia
California Proposition 40, or the Clean Water, Clean Air, Safe Neighborhood Parks, and Coastal Protection Act of 2002, was on the March 5, 2002 statewide ballot in California, as a legislatively-referred bond measure, where it was approved.
- Yes: 2,769,178 (56.9%)
- No: 2,101,516 (43.1%)
The question asked on the ballot was, "Should the state borrow two billion six hundred million dollars ($2,600,000,000) through the sale of general obligation bonds for development, restoration, and acquisition of state and local parks, recreation areas and historical resources, and for land, air, and water conservation programs?"
Campaign spending on Proposition 140 was lopsided, with over $4 million spent urging a "yes" vote, and nothing spent opposing the measure.
Ballot summary
The ballot summary prepared by the Attorney General of California said:
- To protect rivers, lakes, and streams to improve water quality and ensure clean drinking water; to protect beaches and coastal areas threatened by pollution; to improve air quality; to preserve open space and farmland threatened by unplanned development; to protect wildlife habitat; to restore historical and cultural resources; to repair and improve the safety of state and neighborhood parks; the state shall issue bonds totaling two billion six hundred million dollars ($2,600,000,000) paid from existing funds. This program is subject to an annual independent audit.
Fiscal impact
The fiscal estimate provided by the California Legislative Analyst's Office said:
- State cost of about $4.3 billion over 25 years to pay off both the principal ($2.6 billion) and interest ($1.7 billion) costs on the bonds. Payments of about $172 million per year.
- Costs potentially in the tens of millions of dollars annually to state and local governments to operate or maintain property bought or improved with these bond funds.
Campaign donors
The campaign to pass Proposition 40 spent over $4 million. There was no organized opposition campaign.
Major donors to the "Yes on 40" campaign were:
- The Nature Conservancy: $2.5 million
- Peninsula Open Space Trust: $900,000
- Wild Rose LLC: $500,000. This corporation is based in Seattle, Washington.
- Conservation Action Fund, Sponsored by the Planning and Conservation League: $470,000
- California Conservation Campaign: $275,000
- California Academy of Sciences: $250,000
- Anne G. Earhart: $200,000
- Save the Redwoods League: $200,000
- American Land Conservancy: $150,000
- Corporation of the Fine Arts Museums: $150,000
External links
- Official Voter Guide
- Smart Voter information about Prop 40
- Top 10 donors to Proposition 40
- List of committees donating to Prop 40 campaign
