California passed a $10 billion dollar taxpayer funded obligation for the Kern River

California passed a $10 billion dollar taxpayer funded obligation for the Kern River  Prop 4 authorizes the state to borrow money for environmental, water, wildfire and climate resilience  - $10 billion will be borrowed - $6 billion will accumulated in interest on the loan - Taxpayers will pay back $16 billion dollars on this $10 billion dollar loan  Here’s the craziest part  About 40% of the funds must benefit disadvantaged or climate-vulnerable communities  It it sounds like money laundering and a waste of money, you might be right…..  Gavin Newsom’s administration and environmental groups argue it’s needed for California’s chronic challenges  40%+ will go to nonprofits and environmentalists groups