Economic Impact Analysis of California Climate Resilience Bond

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A bond measure to protect California communities from wildfires, droughts, floods, and extreme heat events could create between 75,000 and 119,000 jobs statewide, and generate between $9.6 billion and $15 billion in total economic activity according to a new study by the Bay Area Council Economic Institute. The study, supported by the Resources Legacy Fund, provides a quantitative, model-based analysis of the economic and job impacts of a potential bond measure between $5 billion and $8 billion that reflects recent proposals from Governor Newsom and the State Senate and Assembly.