New York State Comptroller Thomas DiNapoli says only 17 cents of every dollar in the Dedicated Highway and Bridge Trust Fund (DHBTF) goes towards new projects- the rest goes to operating costs and paying off debts.
“New York is at a crossroads. Far too little of the money set aside to build or repair roads and bridges is being used for new capital projects by the state,” said DiNapoli, according to WHEC.
DiNapoli is recommending the state develop a multi-year plan to reduce operations and debt service costs paid for by the DHBTF. He also recommends more transportation projects be funded on pay-as-you-go basis to reduce debt service costs.
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