climate bond
Climate Takeaways from Newsom’s Budget Proposal
The Governor’s proposed 2025-26 budget would tap the recent voter-approved climate bond and seek new emergency funds.
For more than a month, California has worked at “Trump-proofing” the State budget. Now you could say the Governor is looking to fire-proof it too. On Friday, as wildfires continued to rage across Southern California, officials from the California Department of Finance presented the Governor’s proposed 2025-26 budget. Earlier in the week, the Governor—who has …
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CONTINUE READING$10 Billion Climate Bond Heads to the California Ballot
Prop 4 would authorize the issuance of bonds in the amount of $10 billion toward safe drinking water and groundwater, wildfire and forest programs, and to combat sea level rise.
After much anticipation and deliberation, the California legislature approved a $10 billion climate bond measure just before the summer recess began on July 3, 2024. California voters will now have the opportunity to approve or reject the bond measure on the November ballot. The bond measure will now be referred to as Proposition 4 on …
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