California Lawmakers Propose $20 Billion Bond Measures

California lawmakers have agreed to place two $10 billion bond measures on the November ballot to fund climate and school infrastructure projects. The climate bond aims to reduce wildfire risk, expand water supplies, and address sea level rise, while the school bond will fund facility improvements for K-12 schools and colleges. These measures follow the signing of a budget plan addressing a $46.8 billion deficit. If approved by the Legislature and signed by Gov. Gavin Newsom, the bonds will need voter approval to take effect. The climate bond is supported by environmental groups, and the school bond has wide support from school districts. Historically, similar bonds have been approved by California voters.