Green Fund Bill Goes to Planning and Development Committee

Jan 18th, 2011 | By | Category: Featured Story

State Sen. Ed Meyer has filed Proposed SB 46 which embodies the essence of previous “green fund” bills. The bill now goes to the Planning and Development Committee for consideration.

Details on the Local Option Community Conservation Fund Proposal

The Problem: Conservation suffers when funded only by local property taxes. Cities and towns need alternative revenue to leverage funding for smart growth, clean air and water projects, and energy conservation.

The Solution: The Local Option Community Conservation Fund is enabling legislation that allows municipalities to levy up to a 1.5% conveyance fee on purchasers of real estate to provide dedicated funding for conservation projects specified in the legislation (click below for more on the CTLCV website).

via Connecticut League of Conservation Voters: Green Fund Bill Goes to Planning and Development Committee.

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