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.