NY has an Extra $5 Billion to Spend

New York State has come across almost five billion dollars, which now raises the question of where to spend our extra cash? Now, where did this mystery billion come from? Over the past year, New York has obtained high fines paid by many large corporations, banks, financial institutions and insurance groups; all fined for various transgressions such as avoiding taxes, illegal business with other countries and much more. This scary amount of extra money has scared New Yorkers because many people know how corrupt our government can be, when it comes to spending money. Unfortunately, people believe that politicians will spend this extra cash on personal projects that they have been working on, but have not had the money to do so. Luckily, Governor Cuomo has a good incentive on what to do this all this extra cash flow. He believes that the money should be spent on ways that will help create jobs for people in New York. Investing in infrastructure throughout the state has been his major push for this extra $5 billion to be spent. Investing in infrastructure throughout New York will help create jobs; lower repair cost for motorists and will also help in the long run. Having good infrastructure throughout New York brings in large corporations and helps with economic development statewide. Similar to the buffalo billion, the Rochester area could use some extra spending money as well. With poor road and building conditions the city has lost its prestigious look over the past 10 years. With their major corporation “Kodak” leaving the city, it has gone down hill.

                                            

http://www.democratandchronicle.com/story/local/communities/blogs/rochester/2014/11/17/nys-piggy-bank-has-5-billion-extra/19159289/ever since.

There are many other places this $5 Billion could be spent other than Rochester. Schools may come first to many people; yes they do need help, but who doesn’t. Over the next 20 years New York plans to upgrade their water usage facilities which has a price tag of over $30 Billion, setting some money aside for this project could help in the wrong run. Spending this type of money is hard enough to keep all of New York happy. There are many places that could use extra help but saving the money could benefit the whole state on a later day. Lets hope Gov. Cuomo can rally his troops and make some smart decisions on where to spend our extra $5 Billion.

http://www.nytimes.com/2015/01/15/opinion/how-to-spend-new-yorks-spare-dollar5-billion.html?ref=topics