California's legislative leaders are considering borrowing money to prepare the state for the next climate-fueled catastrophe.
As the Earth warms, extreme weather events, increased disease risk and even compromised health facilities could become more common.SACRAMENTO, CAlif. -- In a state burdened by billions of dollars in wildfire damage, California lawmakers are hoping for an advance loan before the next climate-fueled catastrophe hits.
The $4.2 billion price tag could grow as lawmakers discuss adding more projects for things like buying solar batteries and fuel cells to keep the lights on at nursing homes and other vulnerable sites when utility companies preemptively shut off electricity to prevent wildfires during windy conditions.
“We cannot spend money until projects are ready,” state Treasurer Fiona Ma said. “Sometimes it takes 10-plus years to spend money that is authorized in a bond act." “I think if members of the public know that this money is going to issues around climate change, they care about that,” Atkins said. Gallagher questioned whether borrowing is the best practice “considering the amount of debt we have right now."Other proposals in legislative limbo include a controversial bill by Sen. Scott Wiener to boost housing density near public transportation by allowing apartment buildings in areas currently zoned for single-family homes. Atkins said Wiener is working on some amendments around “local flexibility” that she said might help the bill make it through the Senate.
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