“A billion here, a billion there, pretty soon, you’re talking real money.”
Everett Dirksen R-IL (1896 â€“ 1969)
May was the month for capital budgets â€“ capital, as in capital punishment.Â New York area transportation agencies lined up to spend a bunch of money not of them has.
MTA — $27 billion
NY Governor Andrew Cuomo approved the five year plan for New York buses and subways.
PANYNJ — $28 billion
The Port Authority of New York and New Jersey is mulling a $28 billion plan for the next ten years. Â That leaves out the really big project, a complete renovation of LaGuardia Airport.
NJTransit — $2 billion
New Jersey Transit has a capital budget of $2 billion, but only for next year.
Gateway Project — $20 billion
The ARC Tunnel projects was stopped after all the environmental reviews were complete. Â Its replacement, the Gateway Project, needs all new paperwork, a couple of years, and $70 million to write. Â Thatâ€™s OK, because Congress hasnâ€™t allocated any money to actually build it. Â The last estimate is $20 billion.Â It looks cheap by comparison.