- Associated Press - Wednesday, January 21, 2015

ALBANY, N.Y. (AP) - New York’s governor says the state should spend its $5 billion windfall from settlements with financial institutions on big ideas and big needs like upstate economic development, mass transit and the new Tappan Zee Bridge.

Andrew Cuomo unveiled the details Wednesday in his state budget proposal. State leaders have debated for months about the best way to use the money.

Cuomo recommends spending $1.5 billion on upstate economic development and $500 million on broadband Internet access. He also wants to invest $1.3 billion of the money on the Thruway system to reduce toll increases on the new $3.9 billion Tappan Zee Bridge.

Cuomo says he wants to use the balance of the money on upgrades at New York City airports and other highway and mass transit projects around the state.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide