Stringer proposes $3.5B bond act to fund transit projects

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City Comptroller Scott Stringer on Sunday proposed a $3.5 billion bond act to fund state transportation projects that would earmark 60 percent of the cash to improve the city’s ailing subway system.

“We need new, long-term financing for the MTA,” Stringer said while unveiling a survey showing widespread dissatisfaction with the subways.

Stringer said his borrowing plan could be put on the ballot for approval by voters in 2018 if state lawmakers approved the idea.

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