In August, the Newsom administration announced its Water Supply Strategy. Storing water in wet years is central to this strategy, principally to cope with increasing drought intensity and the resulting water scarcity that will impact supplies for cities and farms. As part of our recent study, Storing Water for the Environment, we investigated current efforts to expand storage under the Water Storage Investment Program (WSIP)—a key component of a water bond passed by voters in 2014 (Proposition 1). WSIP put forth significant funding for storage—$2.7 billion—and it uses a novel approach. It requires that this funding go only to the public benefit portion of new storage, including new water for the environment.