$10-billion climate bond will go before voters in November
Briefly

from Los Angeles Times2 months ago
Senate and Assembly approved a bill to put a $10 billion climate bond on the ballot, aiming to fund environmental projects cut due to a deficit.
Los Angeles Timeshttps://www.latimes.com/environment/story/2024-07-03/10-billion-climate-bond-will-go-before-voters-in-november
The bond, if approved, would cost California taxpayers $650 million annually for over 30 years, totaling more than $19 billion.
Los Angeles Timeshttps://www.latimes.com/environment/story/2024-07-03/10-billion-climate-bond-will-go-before-voters-in-november
Critics like Scott Kaufman argue the actual cost may surpass $19 billion if bond interest rates exceed the estimated 5%.
Los Angeles Timeshttps://www.latimes.com/environment/story/2024-07-03/10-billion-climate-bond-will-go-before-voters-in-november
Previous proposals for billions in bonds were halted, leading to the current plan for a $10 billion climate bond in November.
Los Angeles Timeshttps://www.latimes.com/environment/story/2024-07-03/10-billion-climate-bond-will-go-before-voters-in-november
Read at Los Angeles Times
#climate-bond #environmental-projects #budget-deficit #bonds
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