Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Natural Resources secretary outlines Prop 4 priorities and transparency pledge for $10 billion climate bond
Summary
Secretary Wade Crowfoot told the Senate subcommittee that the administration plans to allocate roughly $2.7 billion from the new climate bond next year, prioritize disadvantaged communities and increase transparency and outcome tracking for spending under Proposition 4.
Wade Crowfoot, secretary of the California Natural Resources Agency, told the Senate Subcommittee on Natural Resources that the agency will use the $10,000,000,000 authorized by voters under Proposition 4 to pay for wildfire resilience, water infrastructure, coastal protection and nature-based solutions across the state.
Crowfoot said the agency will seek “total transparency around the programs that are being created and the funding going out the door,” and stressed tracking outcomes. “We are excited that a large portion of this will impact underserved communities. You all know that 40% of these funds need to benefit disadvantaged communities and 10% severely disadvantaged communities,” he said.
Why it matters: Proposition 4 is the largest single new climate bond in this hearing and the agency’s implementation decisions will determine which projects are funded and how quickly money gets…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
