New York’s efforts to increase spending on road and bridge repairs throughout the state are being challenged by inflation, which has caused costs for essential materials to soar.
This situation has effectively diluted the state’s five-year capital expense plan for the Department of Transportation.
Current estimates indicate that the rising cost of fuel, asphalt, and other materials has led to a 20% reduction in the five-year plan for road and bridge projects.
State Senate lawmakers have supported a $2 billion increase to address both inflationary costs and improvement projects. However, without adequate funding, basic infrastructure could suffer further.
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