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Assembly Budget Subcommittee debates use of Prop. 4 energy bond for offshore wind and transmission
Summary
Department of Finance and the Legislative Analyst's Office described proposed allocations from Proposition 4 for clean energy, offshore wind and transmission financing; LAO urged caution on near‑term appropriations for offshore wind and urged legislative direction on transmission priorities.
The California Department of Finance told the Assembly Budget Subcommittee No. 4 that Proposition 4 set aside $850,000,000 for clean energy projects and proposed a range of appropriations and program delivery funding from the bond.
David Evans of the Department of Finance said the governor’s budget includes $46,100,000 for the demand‑side grid support program and described planned allocations for offshore wind and other clean energy programs: “To implement the requirements of section 94,530, the governor's budget includes $46,100,000 for the demand side grid support program,” and later noted allocations proposed for offshore wind and transmission.…
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