*Inflation and material cost escalation have consumed a full year of NYSDOT
Capital Funding*
“As budget negotiations hopefully approach conclusion, a critical question
remains: What will the Governor and Legislature do about funding for the
New York State Department of Transportation (NYSDOT) Capital Program?
Inflation and material cost escalation have taken a more than 20% bite out
of the spending power of the NYSDOT Capital Plan. *In other words, funding
for a whole year of the 5-year plan has evaporated*.
Will Governor Hochul, Speaker Heastie and the Assembly move toward the New
York Senate Majority’s proposal to fully fund the NYSDOT Capital Plan
advanced by Senate Majority Leader Stewart-Cousins, Senate Transportation
Committee Chairman Tim Kennedy and their colleagues?
Or, will we await announcements on which projects currently in the Capital
Plan will be canceled—which roads and bridges across New York will not be
rebuilt as planned, falling further into disrepair?
New York already has among the worst road and bridge conditions in the
country. We cannot afford to allow that to happen.”
