For Immediate Release
July 20, 2021
Melissa Grace, Joe Marvilli – email@example.com (212) 720-3471
City Launches Ten-Year Capital Strategy Website for Fiscal Year 2022
Updated Ten-Year Capital Strategy website offers a summary of $133.7 billion in planned spending, including the guiding principles and investment priorities that inform the City’s capital program
NEW YORK – Department of City Planning (DCP) Director Marisa Lago today announced the launch of the digital version of New York City's Ten-Year Capital Strategy for Fiscal Year 2022. Prepared biennially, the Ten-Year Capital Strategy reflects a broad, long-term vision for the City’s capital investments across all five boroughs.
“Building on our commitment to harness technology to make government more transparent, the Ten-Year Capital Strategy website makes the City’s budget more understandable and easier to navigate than ever. By articulating the guilding principles that steer our spending decisions, and breaking down infrastructure priorities and capital investment at the dollar level, this website shows New Yorkers where the money comes from and where it’s going. This is the type of information that New Yorkers need to help plan with us for a more equitable, resilient future,” DCP Director Marisa Lago said.
Produced with the Mayor’s Office of Management and Budget (OMB), the website lays out the comprehensive capital planning that the City undertakes as part of its responsibility to all New Yorkers, explains the connection between capital investment and strategic priorities, and identifies anticipated sources of funding. With easy-to-read graphics, charts, maps, and more, this interactive version of the strategy makes the content more accessible to community boards, policymakers and the public at large.
The entire report is also available to download as a PDF.
Learn about the City’s plans to allocate $133.7 billion in the current Ten-Year Capital Strategy, including:
In addition, the website now includes the impact of the COVID-19 pandemic on the City’s Capital Program, from the burden on last year’s budget to how DCP and OMB adjusted to prioritize strategies that put the city’s recovery front and center.
The Ten-Year Capital Strategy is separate and distinct from the City’s adopted Capital Budget and four-year Capital Commitment Plan, which, due to the passage of time and other factors, reflect changes from the Ten-Year Capital Strategy. These documents are available on OMB’s website.
The Ten-Year Capital Strategy Plan website is one of many digital platforms DCP has developed to increase transparency and public engagement. Other available tools include: