ALAMEDA, Calif. — An $11.4 billion water bond measure may be yanked from California’s November ballot.

One of its main supporters, Gov. Arnold Schwarzenegger, said Tuesday that he’s in favor of delaying the ballot item for two years, because it may well fail if it goes before recession-battered voters this year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.