New York voters in a November ballot measure will decide whether to allow the state to borrow up to $4.2 billion to finance environmentally friendly projects.

The Clean Water, Clean Air and Green Jobs Environmental Bond Act would address climate change, land conservation and flood prevention measures, among others.

Julie Tighe, president of the New York League of Conservation Voters, joined Errol Louis on "Inside City Hall" Tuesday to break down the referendum. The former state environmental protection official explained the origins of the bond act, where the money would go and why she believes the funds are key to New York's climate mitigation efforts.

"We haven't had a bond act in the state of New York for the environment since 1996, so really it was time to start making a major investment in getting our infrastructure back up to speed, for protecting our communities from the risk associated with climate change,” she said.

The proposal sets aside $1.5 billion for climate change mitigation, $1.1 billion for flood risk measures and $650 million for land conservation and recreation. The act also calls for 40% of jobs created by climate change initiatives be filled by people in disadvantaged communities.

Tighe estimated the money could be spent over the next decade and spread out among localities, generating as many as 84.000 jobs.

The head of one of New York's largest environmental advocacy groups also laid out her organization's endorsements in the state's congressional races.

New York City voters will also face three ballot questions about changes to the city's charter.

Election Day is Tuesday, Nov. 8.