Environmental Bond Act Discussions Coming Across New York State
New York State will hold in-person and virtual "listening sessions" about the state's Clean Water, Clean Air, and Green Jobs Environmental Bond Act. The $4.2 billion Environmental Bond Act of 2022 was passed overwhelmingly by state voters last Fall and will provide investments into climate change mitigation, water quality, and green jobs, among other things.
"Over the next few months, the Bond Act listening tour will travel across New York to connect with key State officials about this historic and significant investment in our environment," said Governor Hochul via a press release.
"The listening tour will offer an opportunity for the public, municipalities, and other potential applicants to learn how they can leverage these funds to help New York State reach our climate goals while growing our economy," the governor added.
The Business Council of New York State supported the bond act's passage which appeared on the November ballot.
The Environmental Bond Act is the largest in New York State history and the first since 1996. The measure specifically authorizes the state to spend:
$1.5 billion for climate change mitigation;
$1.1 billion for restoration and flood risk reduction;
$650 million for water quality improvement and resilient infrastructure;
$650 million for open space land conservation and recreation; and
$300 million for other projects not specifically allocated in the act.
The first listening session will be held on May 30th in Buffalo. Those eager to attend can register online.