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NYC Capital Spending to Soar; Will Test City’s Capacity to Manage Projects

New York City is planning on spending nearly $52 billion for capital projects from fiscal year 2019 through fiscal year 2022.

By John Jordan | Updated on March 07, 2018
Carlo Scissura Carlo A. Scissura, president and CEO of the New York Building Congress

NEW YORK CITY—The de Blasio administration is significantly ramping up capital spending in its proposed fiscal year 2019 budget and in future years as well. The city is projected to spend $4.5 billion in additional funding for its capital programs between now and 2020.

In fact, the city is planning on spending an unprecedented nearly $52 billion for capital projects from fiscal year 2019 through fiscal year 2022.

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