$10-billion climate bond will go before voters in November
LA TimesCalifornia 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. In a recent survey by the Public Policy Institute of California, 64% of likely voters said it was a “bad time” for the state to issue bonds to pay for state projects and programs. 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. Yet some of the planned climate bond spending would go to operate programs that could long be over by the time the bonds are paid off. “We are already seeing the devastating effects of climate change — more extreme heat waves, catastrophic fires and floods, coastal erosion, and severe droughts,” Sen. Ben Allen said in a press release.
History of this topic
California voters approve Proposition 4, the bond measure for water and environmental projects
LA Times
California voters could see schools bond and historic climate initiative on November ballot
LA Times
Amid budget shortfall, lobbyists push for multibillion-dollar climate bond
LA TimesDiscover Related
)
