Comptroller: Some NY Highway Money Diverted
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.
This article appeared in print on page 5 of edition of Hamodia.
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