Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Crime

Is Prop. 4 climate bond a smart move or just too expensive?




Click here for a complete list of our election recommendations.


Proposition 4 would allow the state to borrow $10 billion by issuing bonds bonds for natural resources and climate activities. Individual proposals include efforts to ensure safe drinking water, strengthen drought, flood and water “resilience,” increase clean energy production, address sea level rise, create parks and outdoor access, provide heat mitigation or fund wildfire prevention programs.

Yes: Clean water advocate says it’s time to invest in proven climate solutions now rather than pay later. Too many Californians live without a clean, safe water supply and more are served by at-risk systems. Proposition 4 requires that at least 40% of its funding gets directed to disadvantaged communities, who need it the most.

No: California senator says we can’t afford to fund supposed climate programs promised by a state that hasn’t delivered on past commitments. The measure includes programs that are vaguely defined and, in some cases, dubiously labeled, and the taxpayers will be stuck with the bill. And while some programs may be worth pursuing, they shouldn’t be funded with long-term debt.

Editorial: Proposition 4 favors politics over sound policy with a hodgepodge of environmental programs that lack clear priorities. After this year’s state budget debacle, elected leaders should not be eyeing new bonds and more debt for an unfocused spending plan. The measure reads like a shopping list more than a sound policy proposal.

 



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...