December 18, 2018

nys_business_council.png$50 BILLION INCREASE IN CAPITAL BUDGET EXPECTED PER NYS BUSINESS COUNCIL

Earlier this month, LICA Executive Director Marc Herbst and Government Relations Consultant Desmond Ryan gathered with leaders of the NYS Business Council in Albany. These meetings included conversations with NYS Budget Director Robert Mujica, who announced Governor Cuomo plans to increase the new five-year capital program budget to $150 billion – an increase of 50% over the prior program’s budget which was $100 billion. Details of the plan are not yet available and LICA suspects a significant portion will be designated to the MTA for mass transit improvements and other major projects, but this should still be perceived as good news for the infrastructure industry. As soon as more details become available, we will be sure to notify our members. We will also continue to advocate strongly for funding to complete important projects in our region.

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