Government
Jul. 12, 2019
Bill to create wildfire mitigation fund headed to the governor’s desk
When Gov. Gavin Newsom proposed a multibillion-dollar wildfire mitigation fund last month, critics said his goal of passing a bill before the Legislature left for summer recess on July 12 was unrealistic. But the Assembly passed AB 1054 by a 63-8 vote on Thursday, beating Newsom's deadline by a day.
When Gov. Gavin Newsom proposed a multibillion-dollar wildfire mitigation fund last month, critics said his goal of passing a bill before the Legislature left for summer recess July 12 was unrealistic. But the Assembly passed AB 1054 by a 63-8 vote Thursday, beating Newsom’s deadline by a day.
Much of the goal of the $21 billion fund is to eliminate uncertainty around utility company finances to ward off downgrade threats from rati...
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