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NFIB/NY: Use Revenue Windfall for Infrastructure

Date: August 06, 2014

Albany (August 6, 2014) – The National Federation of Independent Business (NFIB), which represents 10,000 small business owners in New York, today urged the Cuomo administration to apply billions of dollars from insurance companies to infrastructure projects, including the Tappan Zee Bridge, rather than new programs that get more expensive every year.

 

“Small business owners travel the Thruway and so do their suppliers and customers,” said NFIB New York State Director Mike Durant.  “The future of the economy depends on improving our infrastructure that that’s the smartest way to spend the money.”

 

Durant said the unexpected money, which could exceed $4 billion, will likely cause a feeding frenzy in Albany, with interest groups coming out of the woodwork for a piece of the action.

 

“This can’t be just another pot of money for the politicians in Albany to spend on their favorite projects,” he said.  “The Thruway project is hugely expensive and everyone anticipates that it will trigger very painful toll increases. 

 

“Small businesses and middle class New Yorkers need a break, and the best way to invest that money is to reduce the long-term cost of the bridge project, reduce the need to borrow money for other projects, and reduce future tax and toll increases.”

 

For more information about NFIB, please visit www.nfib.com.

 

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