Don’t be “foolish” with state surplus

In an editorial, the Staten Island Advance adds its voice to The Business Council’s call for state leaders to use the state’s estimated $5 billion in surplus money for infrastructure improvements.

“The surplus money would bring a one-shot infusion of revenue, not a permanent increase in the revenue stream. So calls to use it to increase funding for education or health care, for example, are foolish.

“What happens after the $5 billion is exhausted? The people of the state would be left with recurring annual bills permanently ratcheted up based upon the one-time infusion.

“Better to spend the money on a one-time fix of the state’s roads and bridges that will hold for a while.”

Read the complete editorial here.