COHOES, N.Y. â Elected officials recently gathered at Cohoes City City Hall to discuss new capital funds for municipal road touring improvements. The vital infrastructure allocations from the state budget will reduce costs for municipalities, improve public safety traveling conditions, as well as making the region more attractive for commerce and tourism.
The new program provides $100 million to establish a capital funding source called the âCity Touring Routes Programâ to reimburse cities, villages, and towns for capital project costs on local roads and bridges. The funding is allocated based on New York- or U.S.-signed touring route miles for which these municipalities have capital maintenance responsibility.
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Mayors from around the Capital Region gathered in Cohoes Thursday to discuss new capital funding in the 2021-22 New York State budget meant to help municipalities absorb the cost of maintaining state touring routes.
The new program provides $100 million to establish a capital funding source called the “City Touring Routes Program” to reimburse cities, villages, and towns for capital projects on local roads and bridges. Democratic 108th district Assemblyman John McDonald says funding is allocated based on New York- or U.S.-signed touring route miles for which municipalities have maintenance responsibility. Almost over $4.2 million is allocated for the city of Albany, $1.4 [million] to the city of Cohoes, Rensselaer $373,000, the city of Troy over $3.7 million, in the city of Watervliet over $895,000, said McDonald.
New highway aid benefits local Hudson River cities
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1of15Buy PhotoA poster showing capital funding for touring road improvements for municipalities is displayed during a press conference at the Cohoes City Hall on Thursday, April 15, 2021 in Cohoes, N.Y. Local elected officials discussed new capital program funding appropriated in the recently enacted New York State Budget that will fund arterial maintenance work in the 108th Assembly District. (Lori Van Buren/Times Union)Lori Van Buren/Albany Times UnionShow MoreShow Less
2of15Buy PhotoAssemblymember John T. McDonald III speaks during a press conference at the Cohoes City Hall on Thursday, April 15, 2021 in Cohoes, N.Y. The local elected officials discussed new capital program funding appropriated in the recently enacted New York State Budget that will fund arterial maintenance work in the 108th Assembly District. (Lori Van Buren/Times Union)Lori Van Buren/Albany Times UnionShow MoreShow Less
Breaking Down the State Budget Details PUBLISHED 5:10 AM ET Apr. 07, 2021 PUBLISHED 5:10 AM EDT Apr. 07, 2021
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The New York State Legislature is on its way to finalizing the largest state budget in New York’s history totaling $212 billion. The money funds education and health care, and is meant to aid the state s economy in its recovery from the COVID-19 pandemic.
The budget raises taxes on upper income earners, and it generates more revenue with the legalization of mobile sports betting.
Here is how some of that money will be spent and where part of this revenue will come from:
Tax Increases on Top Earners and Corporations: