For Immediate Release: Watchdog Group Announces Financial Impact of Scaffold Law on Recently Announced Public Projects

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For Immediate Release
January 19, 2015
Contact: Phoebe Stonbely
pstonbely@lrany.org
518.512.5265

Watchdog Group Announces Financial Impact of Scaffold Law on Recently Announced Public Projects
Estimates that $5 billion will be ‘wasted’ on law that exists only in New York

ALBANY – The Lawsuit Reform Alliance of New York (LRANY) announced today that the so-called ‘Scaffold Law’ will consume at least $5 billion of public infrastructure spending planned by the Cuomo administration. “It’s a staggering figure,” said Tom Stebbins, Executive Director of LRANY. “Statewide, the financial burden of the Scaffold Law is greater than the entire cost of the Tappan Zee bridge project.”

The group used actuarial, public, and academic data to create the cost estimate, including data from the Port Authority and Metropolitan Transit Authority. After reviewing these sources, LRANY found that the Scaffold Law adds at least 5-7% to the cost of public projects in New York. While the full $100 billion in projects has not been clarified, the group estimated specific costs on several of the Governor’s initiatives, including:

  • $1.1-1.54 billion in additional costs to upstate transportation
  • $150-210 million in additional costs to Penn Station upgrades
  • $10-14 million in additional costs to upstate airport reconstruction
  • $50-70 million in additional costs to the Javits Center project
  • $50-70 million in additional costs to the LIRR project
  • $415-580 million in additional costs to the MTA Capital Plan

“No other state is burdened with these costs,” said Stebbins. “How can the Governor expect New York to compete?”

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The Lawsuit Reform Alliance of New York (LRANY) is a nonpartisan not-for-profit association of businesses, professionals, healthcare providers, membership organizations, taxpayers, and concerned citizens committed to changing New York’s legal system to help create jobs and energize our economy.

See PDF Release Here

1 reply
  1. Thomas Waring, Jr
    Thomas Waring, Jr says:

    This law is a staggering TAX on the Tax Payers of New York State and an impediment to sustainable progress in this State. We are squandering funds that could be used to fund education, police, firefighters, and reduce taxes. Imagine a 5-7% increase in taxes being readily accepted? That’s in fact what is happening!

    Reply

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