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Friday, July 31, 2020

Environmental bond act pulled from November ballot in New York

Gov. Andrew Cuomo has pulled the $3 billion Restore Mother Nature Bond Act from the November ballot. He said he didn’t think it would be financially prudent to do it at this time. The proposed fund was intended to build resilience against climate change effects such as flooding, among other environmental priorities. It would protect forests, restore wildlife habitat and help communities build disaster-resistant infrastructure. The last major environmental bond act passed in New York was in 1996.