Posted at: 10/29/2013 10:51 PM
Updated at: 10/29/2013 10:56 PM
By: WNYT Staff
Standard & Poor's has downgraded its credit rating for bonds sold by the State Thruway Authority.
They have concerns about how the thruway authority plans to pay for the new Tappan Zee Bridge.
Governor Cuomo has pushed the $4B project, but he is still waiting to hear how much money the federal government will loan New York State to replace the Tappan Zee.
Questions have also been asked about a possible toll increase.