Two men — Assembly Speaker Sheldon Silver and State Senator John DeFrancisco – stand between Governor Andrew Cuomo and his plan to use the state’s clean water fund to finance construction of the Tappan Zee Bridge.
The $511 million low-interest loan for the Tappan Zee (stated goal: “keep tolls on the new bridge as low as possible”) uses money from the Clean Water State Revolving Fund reserved for New York City. Although the fund is meant to finance things like wastewater treatment plants, not highway construction, the loan was approved late last month by the Cuomo-controlled Environmental Facilities Corporation.
It still needs final sign-off from the Public Authorities Control Board, where three members each wield veto power over new debt issued by state authorities. The loan is on the agenda for the board’s meeting on Wednesday, and either Silver or DeFrancisco could stop, or at least delay, its approval. (The other member, state budget director Robert Menga, is a Cuomo appointee and supports the loan, according to Bloomberg.)
A coalition of environmental, transportation, and good-government groups — including the Regional Plan Association, which has generally supported the TZB project — are calling on control board members to use their veto power. “This loan could set a dangerous precedent and lead other states into using these funds for projects with little or no connection to the protection of water quality and water resources,” the advocates wrote in a letter to the board [PDF]. “At a minimum, we request that the Board delay a vote on the loan.”
“We don’t think this is a good idea,” RPA spokeswoman Wendy Pollack said. “Or a good precedent.”
The New York League of Conservation Voters is asking supporters to contact board members and urge them to vote against the loan.
Silver remains noncommittal, even though the Tappan Zee loan would use funds intended for New York City clean water projects. ”We are reviewing the matter,” spokesperson Mike Whyland said in an email.
DeFrancisco, a Syracuse-area Republican, is giving a similar line. “He’s still examining the issue. He hasn’t made a decision yet,” said spokesperson Tiffany Latino.
Last week, DeFrancisco said that he wouldn’t hesitate to stop the loan without more answers from the Cuomo administration. “I have no compunction at all about voting ‘no’ if it’s not the proper use of money or there’s not a full financing plan, because the people should know how they’re paying for this thing,” he told Capital Tonight. “If I got a vote, I’m gonna use it.”