Local Revenue

How COVID Put a $10 Billion Emergency on the Back Burner

A recent article by NBC Bay Area highlights how the Covid-19 pandemic, and the ensuing fiscal crisis, has resulted in a number of critical climate adaptation projects and initiatives being delayed or put on hold as local, regional and state government budgets are squeezed. The article highlights a number of projects and policies to cope with climate impacts that have been delayed due to Covid-19, including a $4.7 billion climate resilience bond proposed by the Governor's office that was shelved.