
The State’s current five-year transportation program expires on March 31, 2026. The timing and structure of the next program - whether a new multi-year authorization or a short-term extension - will depend on several key factors, including: the overall condition of the State and national economy; reauthorization and implementation of the federal surface transportation program, which accounts for nearly 40 percent of total transportation infrastructure funding in New York; and changes in federal policy, including eligible transportation activities and funding flexibility. Together, these variables will significantly influence the State’s approach to capital planning and investment decisions.
There is no single mechanism for securing transportation funding in New York State. Successfully advancing a project typically requires a coordinated series of steps, including:
Projects that progress through these steps are best positioned for State and federal funding consideration.
New York’s transportation programs support a broad range of projects benefiting individuals of all ages and abilities. Eligible activities include roads and bridges; bicycle and pedestrian infrastructure; public recreational trails; freight rail projects; commercial, business, and general aviation airport improvements; and public transportation rolling stock, passenger amenities, and facilities.
Across all modes, the most successful projects typically demonstrate: a clear and realistic scope and cost estimate; project readiness, including environmental review underway or complete; identification of required local matching funds; and clear ownership and control of necessary rights-of-way.
Yes. While past performance is not a guarantee of future results, our advisors bring decades of experience analyzing State and federal financial and capital planning documents.
Key resources - including New York State’s comprehensive quarterly financial plans and capital program and financing plans provide critical insight into fiscal conditions, revenue trends, investment priorities, and potential risks. These documents form a solid foundation for informed funding forecasts and long-term strategic planning.