New York State’s $1 billion capital project slush fund is dispensing borrowed money across the state outside public scrutiny, but two local governments have inadvertently given New Yorkers a glimpse of its inner workings. Read More
Tag: SMFP
The Cuomo administration and the state Legislature have begun dishing out grants from a secretive $1.1 billion capital slush fund—all of which will be borrowed money—with no disclosure of project sponsorship or award criteria. Read More
Albany's biggest, juiciest capital pork pie — the mysterious State and Municipal Facilities Program — just keeps getting bigger and bigger. Read More
New York’s newly enacted state budget includes what looks like the biggest, juiciest capital pork pie Albany has cooked up since before the Great Recession. The State and Municipal Facilities Program first popped out of the budget oven last year in the form of a $385 million appropriation, of which $26.65 million was spent. Read More