COVID Pandemic Stalls NYC Resilience Funding Bill — Minorities Stand to Lose The Most
Eight years ago Superstorm Sandy killed 44 people in New York City, cost the City approximately $19 billion in damages and lost economic activity according to city officials, and left more than 69,000 residences damaged. Inside Climate News’ Kristoffer Tigue reported that earlier this year the New York state legislature was poised to pass a $3b bill called the “Restore Mother Nature Bond Act,” which would have allowed the state to issued bonds to help fund projects specifically geared toward reducing New York’s flood risk.
Why This Matters: Advocates argue that this delay in climate adaptation funding will hurt New York City’s low-income communities of color, which already bear a disproportionate burden of climate impacts.
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