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New York State Budget Includes Money for Brownfields

7 Feb 2013 2:10 PM | Anonymous member (Administrator)

Governor Andrew Cuomo’s new 2013-14 Executive Budget proposes $22 million for two brownfield programs that are crucial to community revitalization. Pending legislative approval, the Brownfield Opportunity Areas (BOA) program will receive $10 million, and the Environmental Remediation Program (ERP) will be reactivated with a $10 – $12 million appropriation. Meanwhile, reforms of the Brownfield Tax Credits, which expire at the end of 2015, are underway. Administration officials say that the tax credit  revisions and changes to the Brownfield Cleanup Program can be expected in the coming weeks.

Credit: New Partners for Community Revitalization

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