Building a Better NYC Capital Budget

Dedicate New Revenue to Infrastructure

Meeting the City's vast capital needs is also limited by available funding. Financial support for capital projects competes with other priorities and is further restricted to a specific percentage of tax revenue, unlike other budget items. A reliable, protected revenue stream dedicated solely to funding infrastructure would address both of these constraints.

The Building Congress urges the creation of new, dedicated revenue streams for infrastructure.

Dedicated user fees underwrite water and sewer debt service and operations costs.
This program supports an enormously valuable system on a sustainable basis.

Sources: Official NYC Water Board and Comptroller's reports. The Department of Environmental Protection's total asset value estimate is almost certainly far below the actual replacement value of the entire water and sewer system.