California Approves $10 Billion Bond for Climate and Environmental Projects

The measure aims to address water security, wildfire prevention, and climate resilience, despite concerns over long-term debt.

Proposition 4 passed with 57.9% of the vote, authorizing $10 billion in bonds for various climate initiatives.
Funds will be allocated to water projects, wildfire prevention, coastal protection, and more, with a focus on disadvantaged communities.
Critics argue that the bond will impose a $16 billion repayment burden over 40 years, stressing the state's budget.
Supporters view the bond as essential for California to meet its climate goals and replace funding cut from the state budget.
Environmental groups, labor unions, and social justice organizations strongly backed the measure, emphasizing its preventative benefits.