Is the Canal System a Waste of State Resources? Or a Generator?

by Pete Bardunias, Senior Vice President, Community Advancement, Capital Region Chamber

Every now and then it is reported that the New York State Canal System “only brings in $2 million in revenue.” This dubious and flawed statistic, which is impacting both public perception and government policy, is apparently a result of some numbers a few years ago that calculated the amount of money raised by tolls on the canals from the relatively small number of commercial vessels that plied the waterway in that year.