Largest NYS Environmental Bond Act will be on Nov. 8 Ballot

The Clean Water, Clean Air and Green Jobs Bond Act that will be on the November 8, 2022 general election ballot, which is the renamed and expanded version of the Restore Mother Nature Bond Act of 2020, will provide billions of dollars in climate adaptation and resilient infrastructure. If approved by voters, the measure would authorize $4.2 billion in general obligation bonds for numerous climate-friendly projects. “The money falls into four core categories: more than a billion for climate change mitigation, another one billion for restoration and flood risk reduction, at least $650 million for water quality and resilient infrastructure and another $650 million for open space conservation and recreation.” It has been estimated in a report by infrastructure consulting firm AECOM and the nonprofit that advocates for resilient investments, Rebuild By Design, that the bond act would support the creation of at least 38,000 jobs; and “when leveraged funding is factored in the report projects that the ballot initiative would ultimately support $8.71 billion in spending in the state and create 84,000 jobs.”

Source:    https://www.crainsnewyork.com/climate-change/largest-environmental-bond-act-ny-history-ballot-nov-8

Source:    https://cleanwaterandjobs.org/wp-content/uploads/2022/02/AECOM-update-2022-Bond-Act.pdf