We must do more to protect the future of California’s water, but that doesn’t mean just pumping in more money without making sure the investments will have widespread benefits for the public. Proposition 3 – the $8.9 billion bond on the Nov. 6 ballot – fails that test. Voters should say “no.” The measure promises money for quite a few local agencies, nonprofits, private water companies and others, which is great for them. It’s not clear, however, that these are the projects that California needs most right now, or that they couldn’t get the money elsewhere.