Sacramento, CA — One of the items that California lawmakers will debate is a $4.2-billion climate bond to deal with the impacts of natural disasters.
The Associated Press reports that it would be like an advanced loan before the next catastrophe hits. Republicans are raising concerns that California should instead use existing revenue rather than borrowing new money.
Today kicks off a new legislative session at the state capitol, and the bond is one of dozens of proposals held over from the last legislative session, and they must be approved or denied by the end of this month.
There will also be discussion over the coming weeks about various bills introduced related to PG&E, whose infrastructure has been linked to several wildfires, and who has been criticized about the handling of last year’s planned power shutoffs.
Written by BJ Hansen.
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