Another RGGI Raid? New York State Senate Proposes Pulling $138 million from the RGGI Fund
Law Columbia
MARCH 25, 2016
Jessica Wentz. Associate Director and Fellow. On March 14, the New York State Senate released a FY 2017 budget proposal that would divert $138 million from the Regional Greenhouse Gas Initiative (RGGI) auction proceeds to the state budget, including $23 million to the general fund, $100 million to subsidize the operations of certain nuclear power plants that are no longer financially viable, and $15 million for a workforce development program.
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