California to spend $2.75B on green retrofits for schools, public buildings
California voters last month passed Proposition 39, a measure that devotes $550 million a year until 2018, a total of $2.75 billion, to fund green-improvement projects at schools and public buildings. Upgrades are aimed at energy efficiency and include weatherization, replacement of leaking windows, and adding insulation.
The funding will come from the closing of a tax loophole on out-of-state corporations that will generate $1.1 billion a year. The green retrofit spending will dwarf anything that California or any other state has ever spent on energy efficiency for public buildings.