Comptroller: Some NY Highway Money Diverted

ALBANY -

Some 78 percent of New York’s Dedicated Highway and Bridge Trust Fund was diverted to pay for debt and other state agency operations, state Comptroller Thomas DiNapoli said Wednesday in a report. The fund, established in 1991 to commit money to highways and bridges, is replenished from gas and petroleum business taxes, vehicle licensing fees and a rental car tax. Taxpayers have paid “billions in taxes and fees,” the report said, but much is now “siphoned off.” Out of $3.8 billion disbursements in the 2012-13 fiscal year, $3.1 billion went for other agencies.