"Newsom Unveils Plan To Cut California Climate Funding"

"Facing big deficits, the governor has proposed taking a bigger chunk out of climate programs in his new budget — about 7% — and spreading the funds over seven years. Climate groups said cutting back on state spending now would cost the state more later."

"Three years ago, Gov. Gavin Newsom sensed an opportunity as California emerged from the pandemic with record budget surpluses after a series of calamitous wildfires and drought years.

The governor set aside a bigger chunk of the surplus billions for two consecutive years to combat climate change — an issue close to the heart of many Democratic voters — and then, facing deficits, had to cut it back last year, to $52.3 billion.

But today, Newsom proposed scaling climate funding back by about 7% compared to last year’s budget, to $48.3 billion, while spreading that money out over seven years, up from six last year. The cuts, unveiled in the first draft of his new budget, follow last year’s 3% cut to climate programs, and triggered criticism today from environmental groups.

California programs to tackle and adapt to the changing climate include a vast array of programs, including subsidies for electric cars, funds for making the coast more resilient, programs to prepare for wildfires and secure water supplies, and efforts to build solar and wind projects."

Alejandro Lazo reports for CalMatters January 10, 2024.

Source: CalMatters, 01/12/2024