On the heels of passage of New York State’s $132.6-billion budget that includes $1.2 billion in funding for bridge and road improvements, a state assembly member has proposed a bond bill aimed at helping to finance the state’s future infrastructure needs.
Jim Brennan (D-Brooklyn) introduced legislation on April 5 to ask voters on November 2013 to authorize the state to borrow and pay the debt service on $4.5 billion of improvements for mass transit, roads, bridges, airports and other transportation-related work. Under the bill, funds would be divided into $2.025 billion for the Metropolitan Transportation Authority; $225 million for non-MTA mass transit; and $2.25 billion for roads, bridges and other infrastructure.