The Newburgh-Beacon Bridge is the busiest of the
five NYSBA crossings
HIGHLAND – Independent auditors have given the New York State Bridge Authority a clean bill of health finding no issues and citing sound financial management in their recent study of the agency’s books.
Auditors from EFPR Group, CPAs conducted a number of reviews, checking elements of internal controls and accounting practices, examined the authority’s financial statements and expressed the opinion that the transactions were properly documented.
They also noted the authority’s bridges were properly maintained, meeting a principal goal of its mission.
The New York State Bridge Authority manages the five Mid-Hudson Valley bridges across the Hudson River – The Rip Van Winkle, Kingston-Rhinecliff, Mid-Hudson, Newburgh-Beacon and Bear Mountain, as well as the structure of the Walkway Over the Hudson.
Authority Executive Director Joseph Ruggiero noted the audit’s reporting that the authority’s stable financial picture including that revenue in 2016 was up 4.1 percent from the previous year, amounting to a $2.3 million increase and that traffic was up more than 2.5 million crossings, a more than 4.2 percent increase over 2015.
