California Proposition 4 voter guide: Climate bond
The Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024 would have the state borrow $10 billion to pay for climate and environmental projects — including some that were axed from the budget because of an unprecedented deficit. California taxpayers would pay the bond back with interest. A legislative analyst estimated it would cost the state $650 million a year for the next 30 years or more than $19 billion.