WGRZ reports, “A state audit [released on November 17] again raised red flags about the Thruway Authority’s finances, saying the agency that oversees the 570-mile thoroughfare hasn’t planned a long-term strategy.” State Comptroller Thomas DiNapoli stated in a news release that authority officials will consider developing a long-term, comprehensive strategic plan along lines DiNapoli recommends. The thruway’s full response is included in the audit report.
The Bond Buyer (subscription required) reports, “The New York State Thruway Authority is expected to face fiscal challenges with its current revenue structure and must implement a long-term capital plan to cover important infrastructure needs, according to a new audit released by State Comptroller Thomas DiNapoli.”