Cuomo’s $100B list of projects will cost NY far less

Andrew Cuomo
FILE--In this Jan. 13, 2016 file photo, New York Gov. Andrew Cuomo delivers his State of the State address and executive budget proposal at the Empire State Plaza Convention Center in Albany, N.Y. Cuomo's promising to inject billions into upstate roads, add a third railroad line on Long Island, overhaul Penn Station, freeze Thruway tolls and give small businesses a tax break, but a close look at the governor's expensive-sounding promises shows that many aren't as costly as they appear, relying on federal and private money and user fees. (AP Photo/Mike Groll, File)

ALBANY, N.Y. (AP) — Gov. Andrew Cuomo is calling for $100 billion in investments in big projects, but taxpayers concerned about sticker shock should know that most of the money would come from federal sources, private investors or other places.

The Democratic governor’s plans call for $29 billion for the Metropolitan Transportation Authority, $20 billion for affordable housing and $22 billion for highways and bridges.

It sounds pricey, but many of the costs are spread over several years. And others, like a $3 billion overhaul at Penn Station and a $4 billion redo of LaGuardia Airport rely on private funds.

The MTA project hasn’t been fully funded, though Cuomo promises to pay in the years to come.

Lawmakers say they will carefully review the plan to determine where the money will come from.

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