Voters in California are being asked to support a $10 billion bond to address climate change, despite already having substantial existing debt and vague program definitions.
This proposition burden taxpayers with high-interest debt for questionable projects. Wealthy investors benefit from bond sales while taxpayers face rising costs.
Many projects funded by Proposition 4 don’t meet infrastructure definitions and could waste millions, impacting long-term value for taxpayers.
The financial implications of this bond mirrors a poor credit decision—a large expenditure that significantly stretches taxpayers' wallets for unclear short-term solutions.
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