California Voters Approve $10 Billion Climate Bond

On November 5, 2024, California voters approved a $10 billion bond to fund climate-related programs. The bond measure, known as Proposition 4, received approval by 59.5% of the electorate. The Legislative Analyst’s Office reported that repaying the bond would increase state costs of about $400 million annually for 40 years.

Proposition 4 authorizes the s…