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Yonkers' $2 Billion Capital Plan Unlikely To Get Into 2016-17 State Budget

Mayor Mike Spano
Mayor Mike Spano Photo Credit: Cris Italia

YONKERS, N.Y. -- Yonkers officials seem to have accepted the fact that their proposed $2 billion borrowing plan for fixing the city’s aging schools won’t make it into the state’s budget for 2016-17, according to a report on lohud.com.

Mayor Mike Spano is lobbying his former state Assembly colleagues to back the 13-year bond, a deal which would have the state picking up most of the tab while Yonkers funds the rest with low-interest bonds, lohud.com said.

In light of the fact that the state's fiscal year starts Friday, April 1, the mayor and state lawmakers who back the bill are now looking to getting it spruced up and passed by the time the Legislature recesses in June, the lohud.com said.

To read the lohud.com article, click here.

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