California residents vote for $10 billion in bonds for climate projects

Published November 6, 2024 2:01pm ET



California voters chose to enact a measure to authorize the state to issue $10 billion in bonds for energy, water, and environmental projects, despite critics warning it would impose long-term financial burdens on the state. 

As of Wednesday afternoon, 57.9% of California residents voted for Proposition 4, which needed 50% of votes to pass, according to the New York Times. The proposition would allocate billions of dollars to safeguard drinking water, wildfire prevention, environment restoration, and other climate projects. California faces significant wildfire threats and drought conditions.

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