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Home > Leadership > Mayor > Public Statements/ Speeches > Federal Legislation Proposed Federal Legislation ProposedPublic Statement Federal Legislation Proposed by Congressman Brian Higgins Calling for Local Investment of New York Power Authority Annual Profits
It is simply wrong that a mere 14% of the annual profit generated through the Niagara Power project remains in Western New York. I enthusiastically join Congressman Higgins in calling for the allocation locally of the $63 million derived from the allocated, but unused Replacement and Expansion Power that is directed annually into NYPA’s bottom line. This practice must end and I will support Congressman Higgins every step of the way in seeing that this money, derived from our regional natural resources is properly returned to our regional community. These funds can be quickly injected into our economy, providing critical funding for development projects taking place at Buffalo Niagara Medical Campus, Buffalo’s waterfront and key infrastructure improvements throughout the region. |
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