Let states foot the BIll
structure funding structure and a proposal to streamline permit applications.
Trump’s plan would put “unsustainable burdens on our local government and lead to Trump tolls all over the country,” Senate Minority Leader Chuck Schumer (D-N.Y.) said.
Ron Deutsch of the liberal-leaning Fiscal Policy Institute panned the plan, which encourages private companies building public works.
“This is a President that would like to privatize a lot of different services around the country,” he told the Daily News. “That’s misguided and short-sighted.”
Adding more infrastructure spending could put more pressure on state budgets — including in New York. Suggestions that tax increases or bond issuances would pay for the work could only make matters worse.
“I’m very concerned about the way this is taking shape at this point,” he said.
The plan also leaves the future of the proposed multibillion-dollar Gateway Tunnel between New York and New Jersey in question.
The White House has backed away from an Obama-era arrangement for the feds to cover half the construction of a new tunnel for Amtrak and NJ Transit under the Hudson River.
“I think everyone in the infrastructure world, at least in the New York region . . . has some honest concerns about what is happening with Gateway,” said Scissura, who’s leading a group of New York-based executives to meet with lawmakers on infrastructure early next month. “Gateway is now officially in peril, and we need more money from the federal government.”
Trump griped several times Monday that the U.S. has provided $7 trillion in aid to the Middle East instead of toward infrastructure, although estimates put the actual dollar amount of assistance at about half that.
The President also plans to streamline permitting processes and red tape, which the former real estate developer said puts years on a development.
That has some worried, however, because it could reduce the amount of environmental review before an infrastructure plan gets the green light.