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New Yorkers Back $4.2 Billion Bond to Fight Climate Change

  • Measure is largest borrowing referendum on 2022 US ballots
  • Will fund climate change mitigation in disadvantaged areas
A sticker directs voters to a polling place in New York City on Nov. 8.

A sticker directs voters to a polling place in New York City on Nov. 8.

Photographer: Timothy A. Clary/AFP/Getty Images

Updated on

New York voters approved a $4.2 billion environmental bond on Tuesday, one of the biggest wins for environmental, social and governance infrastructure in eight years and a sign of the sector’s growth in the municipal bond market. 

The ballot measure was backed by 59% of voters, according to results posted by the New York State Board of Elections. The results were called by the Associated Press. The plan was widely expected to pass, following a long history of successful environmental bond acts in New York.