Fiscal Resilience

As Governor Newsom and California lawmakers negotiate a deal to reform utility liability for wildfires, leading ratepayer, environmental, and economic advocates urge that any package deliver immediate ratepayer savings, invest in mitigation to bring down total costs, and be released as soon as possible for public deliberation.

California is on track to spend the least it has in decades on reducing wildfire risk, even as the state heads into what increasingly feels like a year-round emergency. At CA FWD, we believe risk reduction should be the foundation of any wildfire cost plan rather than an afterthought.

In a world of constrained resources, communities need new ways to plan for and invest in the future. Resilience Districts are one path forward. CA FWD and Resilient Cities Catalyst are turning Resilience Districts from statute into practice through the Resilience District Incubator project.

CA FWD and Resilient Cities Catalyst are turning Climate Resilience Districts from statute into practice through the Resilience District Incubator project.

CA FWD, Resilient Cities Catalyst (RCC), and Climate Resolve announce the four winning projects for seed grant funding and pro bono project development support through the California Resilience Implementation Accelerator.

This is the sixth installment in a blog series from CA FWD and Insurance for Good, our partner in developing an actionable guidebook that outlines replicable funding and financing strategies for risk reduction and resilience.

In some ways, the business case for resilience looks more like preventative healthcare or early childhood education than traditional capital planning or infrastructure finance—early action creates the greatest value.

California has an opportunity to advance a more strategic and durable approach to resilience.

By engaging local economic actors as co-beneficiaries, and co-investors, governments can move from isolated public spending to shared solutions.