‘Bipartisan Infrastructure Law’ delivers $386 million-plus more for roads & bridges next year alone
Congressman Brian Higgins announced New York state will receive more than $2.223 billion in federal funding in fiscal year 2022 to rebuild the state’s roads and bridges thanks to the Infrastructure Investment and Jobs Act. This represents a 21%-plus increase in federal highway funding for New York over the current year’s allocation.
“This is a transformational opportunity to address long-overdue infrastructure maintenance, build up communities and support good-paying jobs,” Higgins said. “Infrastructure investment has a multiplier effect, laying the foundation for stronger neighborhoods and driving private sector investment.”
A total of $52.5 billion will be distributed through the Federal Highway Administration across all 50 states in 2022. This is formula-based highway funding only. Additional resources will be made available through various competitive grant programs. The bipartisan infrastructure investment and jobs law provides infrastructure funding in increasing amounts for the next five years: $53.5 billion in fiscal year 2023, $54.6 billion in FY24, $55.7 billion in FY25, and $56.8 billion in FY26.
The bipartisan Infrastructure Investment and Jobs Act was supported by Higgins and signed into law on Nov. 15. In addition to increasing funding for roads in bridges, the law provides funding for water infrastructure, broadband, public transportation, Great Lakes investments, and clean energy transmission.