New York City infrastructure construction spending is set to remain “above historic standards” during fiscal year 2012 but taper off considerably over the next decade, according to a New York Building Congress report released today. The city has proposed spending roughly $8.8 billion on infrastructure construction projects, such as roads, bridges and schools, during fiscal year 2012 and around $8.1 billion the following year. But while the city has planned an aggressive infrastructure spending strategy for the near-term, it’s proposed spending just $47 billion total between 2012 and 2021, a near-halving of current capital investment in public works. New York Building Congress President Richard Anderson said that this strategy reflects an increased strain on city officials. “[The] investment… reflects pressures on government revenues and the absence of political support for now revenue streams devoted to capital programs,” Anderson said. TRD