S 9004CAPITAL PROJECTS BUDGET

Latest change summary

+18063 / −16125 words · LargeConfidence: high

This version of S 9004 significantly restructures the capital budget by removing major multi-billion dollar appropriations while adding targeted new funding priorities. The most substantial removals include a $1.2 billion health care facility capital restructuring program, a $1.58 billion State and Municipal Facilities Program, and $500 million for a Pennsylvania Station entrance at West 33rd Street. In their place, the bill adds $661.9 million for parks and recreation projects, $370 million for economic development initiatives administered through the Urban Development Corporation (including regional economic development council grants, quantum technology research facilities, and county partnership grants), $243.3 million for a new community projects fund with a September 2026 commitment deadline, and $135.97 million for CUNY capital projects across senior and community colleges. The changes also shift transportation funding away from airports toward non-MTA mass transit, introduce new environmental appropriations including $500,000 for grassland bird habitat, and restructure the NY Works Economic Development Fund from $500 million to $220 million with broader purposes. Several new appropriations include conditional requirements for municipalities to be certified as "pro-housing communities" to receive funding.