Lagging Infrastructure and Inflation are a Massive Threat To New York

Due to a combination of high inflation and an already long list of resiliency projects needed to restore New York to its place as an economic leader - according to the comptroller's office, an astonishing 10 percent of all local bridges in the state are rated "poor" as of last year, a...

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Bibliographic Details
Published inThe Business Journal - Central New York Vol. 37; no. 33; p. 13
Main Author Barclay, Will
Format Trade Publication Article
LanguageEnglish
Published Syracuse Central New York Business Journal 19.08.2024
Subjects
Bridges
Budgets
Economic conditions
Infrastructure
Leadership
Roads & highways
New York
United States > US
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Summary:Due to a combination of high inflation and an already long list of resiliency projects needed to restore New York to its place as an economic leader - according to the comptroller's office, an astonishing 10 percent of all local bridges in the state are rated "poor" as of last year, and the Reason Foundation's 27th Annual Highway Report ranks our system at 49th in the nation-strengthening our infrastructure is going to be an uphill battle unless we take some drastic measures to right the ship. Poor infrastructure is costly to New York drivers who are forced to make expensive repairs to their vehicles due to poor road conditions. [...]Gov. Kathy Hochul inexplicably proposed cutting $60 million from the Consolidated Local Street and Highway Improvement Program (CHIPS) during the most recent budget negotiations.