Comptroller DiNapoli: $89 Billion Shortfall for Essential Infrastructure

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(December 21, 2012)  The New York State Comptroller warns of a pending gap in essential infrastructure funding in the amount of $89 Billion over 20 years.  This is an update from a few years back where the 20 year gap was reported to be closer to $80 Billion.  For comparisons sake, the state has a shortfall of funding for 22.25 Tappan Zee Bridges ($4 Billion).

One of the Comptroller’s policy recommendations was the strengthening regional cooperation and infrastructure investment which “lends itself to “smart growth” policies that can help avoid sprawl and promote green, sustainable growth”.

Last year, Empire State Future suggested utilizing the Regional Council framework as a possible tool to encourage infrastructure repair and regional thinking.

Read the full report: Growing Cracks in the Foundation: Local Governments are Losing Ground on Addressing Vital Infrastucture Needs.

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