A group of central San Joaquin Valley agriculture, government and Latino leaders is raising an alarm about a proposed ballot initiative to take money away from high-speed rail and use it instead for water-storage projects in California.

Their opposition to the initiative – which is now being circulated for signatures to qualify for the November ballot – is rooted not in support for the controversial bullet-train project, but because the measure would also divert $2.7 billion in water-storage money from Proposition 1, a water bond act approved by more than two-thirds of California voters in 2014.