N.Y.'s infrastructure projects could benefit from bank settlement

New York could receive up to $3.5 billion from a settlement with French-bank BNP Paribas. A decision on how to use the money will come next year. "The top priority should be to find ways to permanently reduce New York's reliance on borrowed cash to cover recurring maintenance needs and reconstruction of existing highways and bridges," said E.J. McMahon, president of the Empire Center for State Policy. Rob Astorino, a GOP gubernatorial candidate, agrees, saying the money should be used to "shore up its aging Thruway and MTA infrastructure."

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Rochester Democrat and Chronicle (N.Y.) (tiered subscription model)

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