NYCOM urges state to release withheld AIM, transportation funding

NY Capitol News

FILE: $100 bills. (NEXSTAR)

ALBANY, N.Y. (NEWS10) – The New York Conference of Mayors says $250 million has been withheld in transportation and Aid and Incentives for Municipalities funding to localities since June. That’s aside from more than $800 million that’s been withheld to New York City.

According to NYCOM, so far more than $33 million has been withheld from Buffalo, and nearly $3 million from Albany. The organization says the state’s current policy is having a negative impact on the ability for localities to provide essential services and maintain budgets without tax increases. 

NYCOM is calling for the withheld funding to be released, and for the full amounts to be included in the next budget. NYCOM Executive Director Peter Baynes says now that president-elect Joe Biden has announced a $1.9 trillion COVID relief plan, it’s time for the state to release the funds. “In that package is $350 billion for state and local aid. The state’s tax receipts are doing better than initially anticipated. The state has already received about $10 billion in federal stimulus funding so we think the state can afford to release this money,” Baynes said. 

Governor Cuomo said during a press briefing today that New York State needs $15 billion from the Washington “rescue plan.”

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mobile Apps DMB_1503428499636.png

Trending Now