New York and New Jersey leaders are making proposals on how to use the first installment of the $51 billion aid package that Congress approved for regions affected by superstorm Sandy.
Federal dollars are beginning to flow to regions affected by superstorm Sandy, and proposals for spending that taxpayer-funded dough have ranged from the creative to the controversial.
Besides the necessary but dull mold remediation, roof repairs, and dredging of waterways, New York and New Jersey leaders are proposing “Race to the Top”-style competitions, aggressive tourism marketing campaigns, and contentious home buyouts, totaling in the hundreds of millions of dollars.
In play is $5.4 billion, the first installment of the nearly $51 billion Sandy aid package that Congress approved last month. Of that, New York City will receive $1.77 billion, New Jersey $1.82 billion, and New York State $1.71 billion, with the remaining funds split between Connecticut, Maryland, and Rhode Island.
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