Last week, state regulators released their initial findings for potential dam and reservoir projects that could receive funds from Proposition 1, the $7.5 billion water bond passed by voters in 2014 in response to California’s record drought. The bond was approved with the promise of at least $2.7 billion for increased water storage but based on what was released last week, none of the projects that applied met the criteria for this money. Water agencies were alarmed when the results were released and many were caught off guard.