Another RGGI Raid? New York State Senate Proposes Pulling $138 million from the RGGI Fund
Law Columbia
MARCH 25, 2016
This is not the first time that the legislature has diverted RGGI proceeds for other purposes—it also diverted $90 million in 2009 and $41 million in 2015 to the general fund. For those unfamiliar with the program – RGGI is an interstate cap and trade program aimed at reducing CO 2 emissions from the electric power sector.
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