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Cuomo postpones Restore Mother Nature Bond Act

Gov. Andrew Cuomo has pulled the $3 billion Restore Mother Nature Bond Act from the November ballot, he told reporters during a conference call on Thursday.

“We’re going to postpone the environmental bond issue hopefully one year, to next year, but I don’t think it would be financially prudent to do it at this time,” Cuomo said.

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 governor’s decision brought immediate dismay from environmental advocates.

“The bond act provided critical funding for climate change mitigation and investment,” Protect the Adirondacks Executive Director Peter Bauer said. “Without significant public investment, we’re spinning our wheels.”

The state Senate and Assembly passed the $3 billion bond act in the state budget this year, forwarding it for New York voters’ consideration. A provision in the law, however, allowed the state budget director to pull the bond act before it goes to voters if the state’s finances are in poor shape.

Finances have deteriorated, in large part due to the COVID-19 pandemic. The state is looking at …read more

Thank you Source: NYS News

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