Politics & Government

Bloomberg Pledges Millions in School, Road Repairs

Infrastructure plan will pour $1 billion into city improvements over next two years.

If you're looking to get that pothole on your street filled, today might be your lucky day.

Mayor Michael Bloomberg, along with City Council Speaker Christine Quinn and Comptroller John Liu, announced an accelerated funding plan that could get some city projects off the ground sooner than currently scheduled.

Projects elligible for the early disbursement funds must already be in the city's capital plan, which is updated on an annual basis with projects for the next four years.

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The deal includes improvements to 100 schools across the city, resurfacing 300 miles of New York's roads nearly $20 million for bridge repair.

Bloomberg said the deal was proof that local government in the five boroughs was as effective as anywhere in the nation.

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"Working with Comptroller Liu and Speaker Quinn, we were able to move beyond our different opinions to finalize a plan that fast-tracks critical infrastructure projects," Bloomberg said. "Efforts like this one are what make City government effective and are yet another example of how, in contrast to places like Washington where people from opposing parties or ideas cannot get anything accomplished, here in New York City, we can work together to what is right for our city.”

Quinn said the plan could create thousands of jobs in the city over the next two years.

"Now is the time to take advantage of low interest rates and construction costs and accelerate sorely needed construction projects while creating close to 10,000 jobs over the next two fiscal years," Quinn said.

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