The SF Chronicle looks at the decision. This appears to be political reality, as the state is broke and the public is in no mood to spend more money on a complicated infrastructure bill. But delays of this type are often the first sign of a doom for measures like this. The bond measure will only get more expensive in the future - and probably more complicated.
The Delta is in need of action now and any delays in repairing levees, protecting declining fish populations and finding a solution to delivering a reliable water supply south is troubling and short-sighted.
One surprise: I always thought Schwarzenegger wanted the water bond and the accompanying infrastructure projects as his lasting legacy as he leaves office. Next year (or later) it will be the next Governor's issue.