Climate Resilience Bond of $7 Billion Advances in California

A key policy committee in the California legislature advanced a bill Wednesday that would ask voters to support a nearly $7 billion general obligation bond to help pay for climate resilience measures.

• The Assembly Natural Resources Committee approved the Wildfire Prevention, Safe Drinking Water, Climate Resilience, Drought Preparation, and Flood Protection Bond Act of 2020.
• A similar bond measure failed in the closing days of the legislature last year. But this bill—which would fund projects to address wildfire, drought, floods, and other disasters—faces a legislature keenly aware of a projected $54 ...