DiNapoli: NY State has $89B in unfunded infrastructure needs (Democrat & Chronicle)

December 22, 2012 – The state and local governments are facing an $89 billion shortfall over the next two decades when it comes to making necessary improvements to infrastructure, according to a new report last week from the state comptroller. State Comptroller Thomas DiNapoli’s office found the funding gap has increased by about $9 billion since it last filed a report on the issue in 2009, even though capital spending by local governments has increased by 30 percent over the past decade. DiNapoli said the impacts of Superstorm Sandy in October and Tropical Storm Irene last year “have only compounded the problem.”

Link to Full Article: http://www.democratandchronicle.com/article/20121222/NEWS01/312220048/1002/

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