Election 2022: Environmental Bond Act

This year, Election Day falls on November 8, 2022. New York voters will elect candidates to the following statewide offices: Governor, lieutenant governor, attorney general, comptroller, and U.S. senator. Voters will also elect 26 members of the U.S. House of Representatives, as well as all 63 members of the New York State Senate, all 150 members of the New York State Assembly, and various judges and local elected officials.

New Yorkers will also vote on a ballot measure this year. The ballot measure is known as Proposal Number One, the Clean Water, Clean Air, and Green Jobs Environmental Bond Act of 2022. The Environmental Bond Act would authorize the state of New York to incur debt and sell government bonds worth a total of $4.2 billion to fund projects that protect the environment. Specifically, the ballot abstract states that the Environmental Bond Act would provide at least $1.1 billion for restoration and flood risk reduction, up to $650 million for open space land conservation and recreation, up to $1.5 billion for climate change mitigation, and at least $650 million for water quality improvement and resilient infrastructure. The ballot measure shall read as follows: To address and combat the impact of climate change and damage to the environment, the “Clean Water, Clean Air, and Green Jobs Environmental Bond Act of 2022” authorizes the sale of state bonds up to four billion two hundred million dollars to fund environmental protection, natural restoration, resiliency, and clean energy projects. Shall the Environmental Bond Act of 2022 be approved?”

Supporters of the Environmental Bond Act include Gov. Kathy Hochul, the Nature Conservancy, the New York League of Conservation Voters, the NYS Laborers’ Organizing FundRebuild by Design, and AECOM. Supporters assert that the Environmental Bond Act is necessary to address climate change, would protect vulnerable groups, and would create jobs. Opponents of the Environmental Bond Act include The Conservative Party of New York State, which takes the view that the proposal is unnecessary, is wasteful, and would lead state government deeper into debt.

If the Environmental Bond Act receives the support of a majority of New York voters this fall, it will become effective. According to State of Politics, the ballot measure will be located on the back side of voters’ ballots.

Friends, when you vote this year, please don’t forget to cast your vote regarding the Environmental Bond Act.

Additional information regarding a few NYC-specific proposals is discussed in this New York Daily News article.