© 2024
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

"Self-Supporting" Thruway Could See Billions In Subsidies

Wikimedia Commons

The New York Thruway Authority was created with a promise that it wouldn't cost the state a single penny. Now it could end up taking billions in state subsidies.

State lawmakers are considering a proposal from Gov. Andrew Cuomo to use $1 billion from settlements with financial institutions to help the authority pay for a budget-busting replacement for the Tappan Zee Bridge and for toll tax credits.

If approved, it would mark the second year in a row such settlement funds have been tapped, following a similar $1.3 billion transfer last year.

Critics say the toll tax credits undermine the historical concept of a self-supporting Thruway.

The Cuomo administration says it makes no apologies for using settlement funds for projects that would otherwise be paid for by toll payers.

Copyright 2016 The Associated Press. All rights reserved.

Related Content