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Proposition 1, a water bond measure, passes

Gov. Jerry Brown, flanked by Assembly Minority Leader Connie Conway, left, and then-Senate President Pro Tem Darrell Steinberg, right, holds up the measure he signed to place a water plan on the November ballot on Aug. 13, 2014.

Gov. Jerry Brown, flanked by Assembly Minority Leader Connie Conway, left, and then-Senate President Pro Tem Darrell Steinberg, right, holds up the measure he signed to place a water plan on the November ballot on Aug. 13, 2014.

(Rich Pedroncelli / Associated Press)
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Proposition 1 has passed, AP reports. It authorizes state officials to borrow $7.12 billion and repurpose $425 million in bonds approved earlier to pay for new water projects.

The measure includes $2.7 billion for storage projects, such as dams; $800 million for cleaning up contaminated underground water; and $725 million for water recycling projects.

In addition, $1.5 billion will be dedicated to the protection and restoration of wildlife habitat and watersheds.

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The borrowing will be repaid from the state budget.

The Legislative Analyst’s Office estimates that it will cost an average of $360 million a year to pay off the bonds over about 40 years.

Follow @melmason for more on California government and politics.

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