Prop 4 Explained: Borrowing Money to Fund Environmental and Climate-Related Projects in California
Proposition 4 asks California voters to allow the state to borrow $10 billion in bonds for water, wildfire prevention, and other environmental projects. It would require yearly audits of the money. The funds would help clean up and protect water supplies, help with wildfire prevention and response, and provide for projects that try to protect beaches, forests and mountains.
This is expected to cost taxpayers another $400 million a year for 40 years to repay the bond.