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Investors - JUNE 7, 2018

California voters pass record $4.1b package for parks and open space

by Released

California voters Tuesday approved a record $4.1 billion package of bonds to provide parks, open space, clean water and help fight climate change in the state.

“The passage of Prop. 68 is a tremendous achievement by California voters. It will provide parks, green space and water protection for all Californians, no matter what part of the state they live in, and no matter their economic status,” said Diane Regas, president and CEO of The Trust for Public Land.  “Every Californian should have a great park within a 10-minute walk of home, and this will help move millions closer to that goal.”

It is the largest single investment in under-served communities in the history of the state.

Prop. 68 provides:

  • More than $1 billion for parks and green space in communities that need them most.
  • More than $1 billion for climate resilience — wildfire protection, flood prevention and drought preparedness.
  • More than $100 million for improving access to the outdoors — including transportation programs for disadvantaged youth.
  • More than $300 million for river parkways and urban stream restoration to create more livable communities.
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