No one's arguing that you can do a lot with $1.5 billion here.
In the state budget proposed by Governor Andrew Cuomo a week ago, there was a tiny loophole that slipped underneath the radar: the politician has more or less granted himself leeway to spend upwards of $3 billion for, from what it seems, anything he wants.
However, a little more than a third of that amount has been earmarked for economic development projects; $720 million of which is being thrown at 'transformative' economic plans. An additional $400 million or so will be spent on regional projects, higher education and competitive bidding for local school districts.
With that being said, Mr. Cuomo is left with, give or take, $1.5 billion to do whatever the hell he wants with. The Legislature is poised to pass the budget and this treasure chest is becoming closer to a reality.
We're no mathematicians but, as New Yorkers, we know how to stretch out dollars for a long time, let alone one and half billion of them. So, Governor, we have a couple of ideas to mull over. More »