Mar 31 2014
EPF Bumped Up in State Budget Deal, Still Short of Pre-recession Levels
Photo credit: Lenscap
March 31, 2014
EPF Bumped Up in State Budget Deal, Still Short of Pre-recession Levels

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Government

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The Environmental Protection Fund—which helps to support capital environmental projects throughout the state—will see an increase this year from $153 million to $162 million.

Established in 1993, the Fund is a dedicated source of revenue for efforts to protect local drinking water and air quality, restore public parks, maintain agricultural lands, eliminate solid waste, prevent the proliferation of invasive species, and other objectives.

Advocates were pushing the Governor and the legislature to bring the Fund back to a pre-recession level of $200 million. The Fund is derived as a percentage of the real estate transfer tax.

“This year’s budget is a step in the right direction for the Environmental Protection Fund,” noted New York League of Conservation Voters President Marcia Bystryn in a statement.

Photo credit: Lenscap