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Author Topic: Cuomo Aims to Speed New York Sandy Recovery With Private Funding Back to Topics
nraacct

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North Carolina

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Message Posted: Jan 25, 2013 9:54:28 AM

New York Governor Andrew Cuomo proposed a bill in his $136.5 billion budget aimed at speeding recovery from Hurricane Sandy by allowing private companies to finance public infrastructure projects.

If approved, the measure would mark the first time private entities could play a role in financing construction of state roadways, buildings and flood-control projects, according to budget officials. Private companies would pay upfront building costs, and New York would pay them back using federal funds it expects to get from Congress, according to a memo attached to the bill.


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sjf238
Champion Author Philadelphia

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Message Posted: Jan 26, 2013 7:53:42 PM

ok
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dave27johnson
Champion Author Chicago

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Message Posted: Jan 26, 2013 7:08:15 PM

Sounds like a good plan instead as the state waits for more federal funds.
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endymion
Champion Author New York

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Message Posted: Jan 26, 2013 8:12:44 AM

May be some help - New York taxpayers are already at their limit.
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greatartiste
All-Star Author New Jersey

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Message Posted: Jan 26, 2013 7:58:27 AM

WTF does this have to do with fuel prices?????
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lesndave
Champion Author Texas

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Message Posted: Jan 25, 2013 11:13:42 PM

Interesting
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 25, 2013 8:31:10 PM


Guess Gov. Cuomo has never heard about bonds. Shifting to private is a poor bad idea, much like the proposed financing scheme for the Tappan Zee Bridge work!
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A_NY_Outlaw
Champion Author Albany

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Message Posted: Jan 25, 2013 8:30:02 PM

I love how Cuomo will spend millions to help downstate, but the upstaters who needed help after flooding disasters after Irene, received little help from gov't and even less assistance from downstaters.

[Edited by: A_NY_Outlaw at 1/25/2013 8:31:14 PM EST]
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skinsfan125
Champion Author Virginia

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Message Posted: Jan 25, 2013 3:21:46 PM

No strings attatched to that money. Glad to see it!
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CapriceWagon
Champion Author Washington

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Message Posted: Jan 25, 2013 3:06:57 PM

He's pretty trusting that there will be money coming from the feds, but I guess they can just fire up the printing presses again or maybe just make them their own trillion dollar coin
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PrinceLH
Champion Author Ontario

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Message Posted: Jan 25, 2013 3:04:00 PM

How? By taxing 12oz soda's
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bluetruck54
Champion Author Quad Cities

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Message Posted: Jan 25, 2013 2:53:20 PM

I can see a recipe for greed and coruption....beyond what already is there.........

and what is still needed for recovery???? since it's not front
page anymore, most of us have no idea.
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jan 25, 2013 2:38:19 PM

I CAN'T BELIEVE THAT THOSE PEOPLE ARE STILL WAITING FOR HELP FROM OUR FEDERAL GOVT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jan 25, 2013 2:24:37 PM

Could be a problem if Congress doesn't come through with the money that Cuomo expects to get. They have fallen short in the past!
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tnfran
Champion Author Arizona

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Message Posted: Jan 25, 2013 12:27:50 PM

Help 'speed the recovery' ??? Bet it seems like a snail going uphill in winter to these people at this point.
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Night Owl
Champion Author Toronto

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Message Posted: Jan 25, 2013 12:11:57 PM

Let's see what happens. The "children" in Washington took over 60 days to approve emergency relief aid this month for New York, New Jersey, and Connecticut. That is far too long.
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SUNOIL
Champion Author Toledo

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Message Posted: Jan 25, 2013 12:11:12 PM

Anything to speed it up.
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CocoPaz
Champion Author Santa Barbara

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Message Posted: Jan 25, 2013 12:09:34 PM

"using federal funds it expects to get from Congress": that could be iffy.

We are praying for the family and friends of those hurt on the Texas campus.
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jeffbone
Champion Author Virginia

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Message Posted: Jan 25, 2013 11:44:51 AM

"Private companies would pay upfront building costs, and New York would pay them back using federal funds it expects to get from Congress,"

Why not just get the funds from Congress and eliminate the middleman?
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jcotaxi
Champion Author South Bend

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Message Posted: Jan 25, 2013 11:37:14 AM

Why didn't he think of this in the first place?
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bsnort
Champion Author Huntsville

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Message Posted: Jan 25, 2013 11:08:20 AM

"Paying them back using federal funds it expects to get from Congress" - what happens when congress doesn't come through with the funding.................
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vwilsonskis
Champion Author New Jersey

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Message Posted: Jan 25, 2013 11:06:34 AM

what if the funding does not come thru?????
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lesabreAZ
Champion Author Phoenix

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Message Posted: Jan 25, 2013 10:58:42 AM

Yes O's cutting the red tape with just a phone call
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humblepie
Champion Author Toledo

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Message Posted: Jan 25, 2013 10:31:17 AM

i thought the big o had their backs
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YumaFellow
Champion Author Arizona

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Message Posted: Jan 25, 2013 10:27:46 AM

A useful approach to expediting what needs to be done. But it assumes Congress will provide the funding.
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hornet17
Champion Author Vancouver

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Message Posted: Jan 25, 2013 10:13:41 AM

starting to happen around here all the time too.... then you get tolls on bridges and stuff.
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cdrrod
Champion Author Wisconsin

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Message Posted: Jan 25, 2013 10:11:54 AM

Beneficial to all concerned!
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