{"id":86333,"date":"2024-09-20T04:55:00","date_gmt":"2024-09-20T08:55:00","guid":{"rendered":"https:\/\/insideclimatenews.org\/?p=86333"},"modified":"2024-09-20T11:25:30","modified_gmt":"2024-09-20T15:25:30","slug":"california-prop-4-climate-solutions","status":"publish","type":"post","link":"https:\/\/insideclimatenews.org\/news\/20092024\/california-prop-4-climate-solutions\/","title":{"rendered":"California Ballot Asks Voters to Invest in Climate Solutions"},"content":{"rendered":"\n

Following yet another year of brutal heatwaves and devastating wildfires, Californians have the chance to tell elected officials they support urgent climate action by voting for a $10 billion climate resilience bond on the November ballot.<\/p>\n\n\n\n

During an unprecedented budget surplus two years ago, California earmarked $54 billion<\/a> to forge \u201can oil-free future\u201d and protect residents from the extreme effects of climate change. That surplus morphed into a multibillion-dollar deficit within a year, after rosy projections of rising revenues from income taxes failed to materialize, forcing Gov. Gavin Newsom and state lawmakers to cut and defer billions from their ambitious climate spending plans.<\/p>\n\n\n\n

California\u2019s budget problems will likely continue, analysts say, as will the climate change-fueled disasters that have battered the state. To provide a stable source of funding for urgently needed climate action, legislators passed a bill in July that seeks voters\u2019 approval to authorize the state to borrow $10 billion to underwrite climate resiliency projects. Newsom signed it the same day. <\/p>\n\n\n\n

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