AGENCY TESTIMONY
Capital budget update and increased debt capacity
0:13:52
·
19 sec
Comptroller Lander discusses the executive budget's update to the city's capital commitment plan, including increases in various critical areas. He also addresses the recent legislation that increases the city's debt capacity.
- The executive budget included updates to the capital commitment plan with increases for the school construction authority and borough-based jails
- State legislation raises the city's capacity to incur debt by $14 billion over 2 years
- The increased debt capacity allows for potential increases in capital funding for other critical areas
Brad Lander
0:13:52
The executive budget appropriately included an update to the city's capital commitment plan with increases to the school construction authority, borough based jails, and some other critical areas.
0:14:03
Once the state, adopted legislation that raises the city's capacity to incur debt by $14,000,000,000 over 2 years.
