$4.2B spending plan for climate change approved by voters
Proposal 1 authorizes the sale of state bonds up to $4.2 billion to fund environmental protection, natural restoration, resiliency, and clean energy projects.
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Nov 9, 2022, 11:21 AM
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Updated 721 days ago
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4ds agoThe ballot proposal for the $4.2 billion New York State Environmental Bond Act has passed.
Proposal 1 authorizes the sale of state bonds up to $4.2 billion to fund environmental protection, natural restoration, resiliency, and clean energy projects.
It was approved in the 2020 budget, but COVID-19 pumped the brakes on it.
The renamed "Clean Air, Clean Water, and Green Jobs Bond Act" is the first act like this since 1996.
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