New York Looking at $89 Billion Infrastructure Shortfall

December 21, 2012

The Empire State is in trouble, facing an $89 billion shortfall in infrastructure funding over the next 20 years, according to a report by Thomas DiNapoli, New York's comptroller.


As reported by Reuters, the shortfall is for transportation, water and sewer facilities throughout the state. New York, its municipalities, and its agencies need to spend $250 billion on water, sewer and highway systems in the next two decades. How much spending is planned? Only $161 billion.

Source: Reuters