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Article: NYBC backs spending plan.(New York Building Congress Inc.)
- Article from:
- Real Estate Weekly
- Article date:
- June 3, 2009
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New York Building Congress has offered qualified support for the city's revised 10-Year Capital Plan, which it said is significantly improved from the initial plan presented by Mayor Bloomberg in January.
That plan had called for a 30 percent reduction in overall capital spending. The new plan will include overall infrastructure spending at about $10 billion for the next two fiscal years.
But the Congress says it's still worried about anticipated capital spending declines starting in 2012 and continuing through 2019.
Building Congress president Richard T. Anderson said, "The Building Congress acknowledges the depth of the City's current budget ...