Switchbox @switch.box · Jan 13

Would NYCI generate enough $ every year to pay for all this? Yes, under high allowance price scenario (if added to IRA & existing state funds). Under low scenario, giving 1/4 of NYCI revenue to the program would cover 3/4 of its costs. Full funding would mean no $ for transport, workforce... 9/14

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Switchbox · Jan 13

Next, place-based, community-led investments. By law, officially designated disadvantaged communities must receive at least 35% of NYCI revenue. To help accomplish this, we recommend that NY create a program modeled after CA’s Transformative Climate Communities (TCC) 10/14