Gotham Gazette

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Environmental Bond Act

Environmental Bond Act

  • How New York Will Implement the $4.2 Billion Environmental Bond Act Passed by Voters in 2022

    Projects underway (photo: Mike Groll/Governor's Office)

    After voters overwhelmingly approved it last fall, state officials expect to issue the first bonds under the $4.2 billion Environmental Bond Act in the upcoming fiscal year, which begins April 1. It will take years to spend the entire sum, aimed at addressing some of the state's most dire climate and environmental needs.

    The bond act authorizes the state to raise its general obligation debt to support public works in four broad categories: climate change mitigation, flood risk reduction, water quality improvement, and land

  • City Council Pushes State on Climate Plan, Allocation of Environmental Bond Act Funds

    Council Members Lincoln Restler, center, & Jim Gennaro (photo: John McCarten/NYC Council Media Unit)

    The New York City Council is calling on Governor Kathy Hochul, the State Legislature, and other environmental leaders to strongly consider New York City as they plan and implement the next phases of the state’s sweeping climate agenda.

    In a resolution adopted Wednesday the Council is urging the state to allocate New York City its

  • Victorious, Now Governor Hochul Needs to Lead on Climate

    Gov. Hochul makes a green jobs announcement (photo: Governor's Office)

    Governor Kathy Hochul won election in a low turnout race thanks to progressive activists, elected officials, and organizations who showed up to get out the vote. Now it’s time for her to deliver on her campaign’s climate promises and pass the Climate, Jobs and Justice legislative package.

    It has been three years since New York passed its landmark climate law, the Climate Leadership and Community Protection Act. In that time, the state has ...

  • With the Environmental Bond Act’s Passage, Let’s Ensure the Green Transition Creates Good Jobs

    Green school buses on the way (photo: Caitlin Looby)

    This past week New Yorkers went to the polls and voted for justice. With passage of the $4.2 billion Environmental Bond Act we now have the opportunity to move with resources, resolve, relief, and hope in tackling some of the most pressing issues of our time.

    We look forward to the swift and diligent implementation of the bond act, including ensuring the electric school bus purchasing process creates high-quality community-sustaining jobs through the usage of incentives

  • New York Voters Approve $4.2 Billion Environmental Bond Act

    Gov. Hochul at a climate action announcement (photo: Mike Groll/Governor's Office)

    Voters across New York have approved $4.2 billion in state borrowing proposed by Governor Kathy Hochul and the State Legislature to pay for major projects environmentalists say are key to developing a more robust response to climate change and pollution.

    In numbers sure to shift as more votes are counted, initial election night tallies showed about 68% of voters approving the measure, 28% disapproving, and 12% of voters not weighing in at all. The Clean Water, Clean Air, and Green Jobs Environmental Bond Act

  • Prop 1, the Environmental Bond Act, is a Once-in-a-Generation Investment Opportunity

    On the waterfront (photo: Darren McGee/Governor's Office)

    As New Yorkers head to the polls in this general election, which ends on Tuesday, November 8, there’s more than just candidates on the ballot. Voters across the state will decide on one ballot proposal, with three more for New York City voters only.

    These ballot measures, or propositions, are yes/no questions on proposals to enact laws or constitutional amendments. Placed on the ballot for approval or rejection by the electorate, these major questions give enormous power to

  • Arguments For and Against Question 1 on the 2022 New York Ballot, The $4.2 Billion Environmental Bond Act

    Then-Lt. Gov. Hochul opens a solar farm (photo: Philip Kamrass/ New York Power Authority)

    On the back of every New Yorker's ballot this fall is a question: whether or not to allow the state to borrow $4.2 billion to pay for major clean environment and climate change mitigation infrastructure.

    The provision, known as the "Clean Water, Clean Air, and Green Jobs Environmental Bond Act," would authorize the state comptroller to sell bonds on behalf of the State of New York to pay for projects related to greenhouse gas emissions, flood risk, clean water, land conservation, and other climate-related

  • Max Politics Podcast: The Environmental Bond Act Ballot Proposal and Other Key Climate Issues

    Rooftop solar panels (photo: Gabriel López Albarrán)

    October 13, 2022 - Max Politics Podcast: The Environmental Bond Act Ballot Proposal and Other Key Climate Issues

    Proposal 1 on the 2022 general election ballot is a statewide referendum on the $4.2 billion Environmental Bond Act, which New York voters will approve or disapprove this fall. Julie Tighe, president of the New York League of Conservation Voters, and Amy Chester, managing director of Rebuild by Design, joined the show to discuss the bond act and other major New York climate issues.

    Listen to the

  • New York City Voters to Weigh Racial Justice and Environmental Bond Proposals on Fall Ballot

    Voting (Photo: Michael Appleton/Mayor's office)

    This fall, New York City voters will have the chance to weigh in on four ballot questions that could add new racial justice measures to the City Charter and enable major investments in climate action.

    In addition to the general election contests for Congress, Governor, and the State Legislature, the fall ballot will include three proposed amendments to the City Charter drafted last year by former Mayor Bill de Blasio's Racial Justice Commission, and a $4.2 billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act passed by the state