Water bond: Jerry Brown, legislative leaders float new, $7 billion plan

With a deadline looming to strike a deal on a state water bond, Gov. Jerry Brown and legislative leaders on Monday floated a roughly $7 billion proposal they insist will help California weather future droughts.

The package -- including provisions to boost water storage and clean up tainted groundwater -- would replace a bloated $11 billion bond already on the November ballot but which many state leaders fear voters will reject.