In a historic vote, the administration of Gov. Jerry Brown on Tuesday approved spending $2.5 Billion USD to help fund construction of four new dams and four underground storage projects —including two in the Bay Area. The funding came from Proposition 1, a water bond approved by voters in November 2014 during California’s five-year drought. It is believed to be the largest commitment of state money to construct new dams and water storage projects in California since 1960, when voters approved a bond to build Oroville Dam and the State Water Project.
Source: The Mercury News