The EPF and the State Budget
The 2019-20 New York State Budget includes $300 million for the EPF, maintaining the highest level of funding for the EPF for the 4th year in a row and bringing appropriations over the life of the Fund since it ws created in 1993 to more than $4 billion.
This year's Executive Budget proposal concerned EPF supporters due to the inclusion of language proposing that "a portion" of the EPF be "used for the payment of peronal service sexpenses." The language would have set a precedent for the allowance of this use of hte EPF, and would have reduced the $300 million appropriation by an unknown amount.
In March legislators stood with members of the We Love New York coalition to call for the removal of this raid language before releasing their one-house budget proposals, which rejected it.
The Senate and Assembly, led by Environmental Conservation Committee Chairs Senator Todd Kaminsky and Assemblyman Steve Englebright, along with Senator Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie, as well as many members and longtime EPF supporters in both houses, worked with Governor Cuomo to ultimately eliminate the proposal in the final budget. $300 million was appopriated to support the many programs in four EPF accounts: Climate Change, Open Space Conservation, Parks, and Solid Waste. online casino that uses paypal
Learn more about the EPF and our position on this year's state budget in this fact sheet.
View a chart of EPF appropriations over the life of the Fund, from 1993 through the current state fiscal year here.
Return on Investment: How the EPF is generating revenue and jobs for New York
A 2012 analysis shows that the output from New York State's Environmental Protection Fund generates positive yearly economic returns for jobs, local economies, and property values. Prepared by The Trust for Public Land, a national conservation organization, the report details the economic benefits realized from the Environmental Protection Fund. internet gambling real money