$4.2B spending plan for climate change approved by voters
The 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.