NY Residents to Decide on $3 Billion Climate Action Bond Issue

Restore Mother Nature Bond Act and the Environmental Bond Act of 2020 

• proposed by Governor Cuomo in January 
• signed as part of the budget legislation for FY 2020-21 on April 3
• likely the only proposition to appear on the New York 2020 ballot

Where would funds be distributed?

• $1 billion for flood risk reduction, coastal rehabilitation, shoreline restoration, & ecological restoration projects
• $700 million for projects designed to mitigate the impacts of climate change
• $550 million for land conservation and recreation plans, programs, and projects and fish hatcheries
• $550 million for projects related to wastewater, sewage, and septic infrastructure, lead service line replacement, riparian buffers, stormwater runoff reduction, agricultural nutrient runoff reduction, and addressing harmful algal blooms

Ballotpedia News | New Yorkers will vote on a $3 billion bond issue designed to address environment and climate change issues in November