Assemblymember Eduardo Garcia Advances $15.1 B Climate Bond

Garcia’s Equity-Focused Investment Plan Succeeds in Assembly Policy Committees

Assemblymember Garcia in Committee

(Sacramento, CA) — Taking action to protect California communities from the climate crisis, Assemblymember Eduardo Garcia (D-Coachella) has introduced AB 1567, a $15.1 billion climate bond with an equity-focused investment plan. The legislation passed the Assembly Committee on Natural Resources on April 24 following previous success in the Assembly Committee on Water, Parks, and Wildlife.

 

“Our communities are suffering the real-time consequences of climate change, from extreme heat, unprecedented storms, economic damage, or the worsening public health impacts of pollution — this crisis has grown increasingly urgent and deadly. We must act, and importantly, we must invest,” said Assemblymember Eduardo Garcia. 

 

“Our climate bond outlines an equity-focused investment plan to protect Californians. As we move to mitigate climate impacts and prevent future catastrophes, we must ensure that we are prioritizing underserved, environmentally vulnerable areas while taking this opportunity to create new jobs where they are needed the most.”

 

Garcia’s proposed Safe Drinking Water, Wildfire Prevention, Drought Preparation, Flood Protection, Extreme Heat Mitigation, and Workforce Development Bond Act of 2024 will prioritize environmentally vulnerable areas, like those in his district, facing the harshest climate impacts. 

 

Assemblymember Garcia has earned a broad coalition of statewide support for the climate bond. In addition, this legislation has become a priority for the California Latino Legislative Caucus. California voters will provide the final approval of this bond. 

 

District 36 Highlights:

$240 M Salton Sea (including $30 M for the Salton Sea Authority)

$15 M Salton Sea Conservancy

$50 M New River Water Quality, Public Health, and River Parkway Development Program

$200 M Tribal Water Infrastructure Projects

$100 M Drinking Water Systems (technical and financial assistance to address hexavalent chromium) 

$30 M Coachella Valley Mountains Conservancy

$50 M Organic Waste Infrastructure

$850 M Safe Neighborhood Parks in Park-Poor Neighborhoods