California voters will get to decide in November if they want the state to borrow $10 billion to pay for climate and environmental projects.
California voters will get to decide in November if they want the state to borrow $10 billion to pay for climate and environmental projects — including some that were axed from the budget because of an unprecedented deficit. The 28-page bill to put the Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024on the ballot was approved by both the Senate and Assembly late Wednesday.
Dozens of environmental groups, renewable energy companies, labor unions, water agencies and social justice advocates have been lobbying state lawmakers to place the climate bond on the ballot. The lobbying intensified after Newsom proposed spending $54 billion on climate efforts in 2022 but then cut that funding to close recent massive budget deficits. According to the bill, $3.
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