Home Asides With Lockbox Bill in front of him, will Cuomo sign?

With Lockbox Bill in front of him, will Cuomo sign?

by Benjamin Kabak

When last we saw the lockbox bill, it had begun to garner upstate support but hadn’t yet been presented to Gov. Andrew Cuomo for his signature. Well, late last week, the bill moved to the governor’s desk, and advocates are again calling upon Cuomo to sign the measure. Today, a statewide coalition of organizations representing labor, business, transit, the environment, disabled, aging, faith-based, smart growth, good government, bicycling, housing, and transportation groups sent the governor a letter [pdf] urging him to move on the bill.

The letter, which highlights previous efforts to pass this protective measure and the way the impact statement was stripped from the 2011 measure, lays it on the line. “Raiding dedicated transit funds is poor policy, and a breach of trust with the public who rightly believe that transit funds should go to improving transit. One quarter of the State’s workforce relies on mass transit to get to work. They, their employers, and the economy rely on these dedicated taxes to help pay for subway, bus and commuter operations and transit capital projects,” the advocates say. “Given your commitment to rebuilding and renewing New York’s economy and infrastructure, and increasing fiscal transparency and public accountability, we join the 213 members of the New York State legislature in asking you to sign the ‘transit lock box’ bill.”

Interestingly, one potential advocate — MTA head Tom Prendergast — discussed the lockbox earlier this fall and expressed only lukewarm support for it. “While I like lockboxes,” he said at a Crain’s New York business breakfast in September, “I don’t get unduly tied to them and at the end of the day, if the money we need comes our way, that’s what I’m looking forward to.” Still, New York and its myriad transit riders would be better off and better informed with the lockbox protections firmly in place.

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1 comment

peter June 16, 2023 - 5:44 am

According to my thought, with the safe bill in front of him, the conclusion lies with Cuomo. It stays to be seen whether he will sign it or not.
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