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Assembly budget panel hears Prop. 4 allocations for clean energy, offshore wind; transmission financing left pending
Summary
Department of Finance outlined how Proposition 4 bond language would fund clean energy, offshore wind and transmission; analysts urged caution on immediate allocation for some items and noted a July 1, 2025 transmission financing study deadline under AB 3264.
Proposition 4 includes $10,000,000,000 for natural resource, energy and outdoor access projects, and the Department of Finance told the Assembly Budget Subcommittee No. 4 that chapter 9 of the bond dedicates $850,000,000 for clean energy projects.
Those figures were presented by David Evans of the Department of Finance, who told the committee: “Proposition 4 included $10,000,000,000 for various natural resource energy, outdoor access, projects and programs to help mitigate the impacts of climate change. Of this amount, chapter 9 of the bond specified, dollars $850,000,000 would be dedicated for clean energy projects.”
The administration’s January budget proposes specific allocations from that $850 million pool. The budget documents include $46,100,000 for…
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