Roadwork to recovery? Tracking the 2009 stimulus money
Monday, September 13, 2010
NorthJersey.com:
The law covered a broad array of initiatives, only one of which — totaling about $64 billion —
was for "shovel-ready" construction on roads, bridges, sewers, airports and railroads. Most of the $800 billion went for tax cuts, aid to states to prevent massive layoffs of public employees, relief programs for the poor and unemployed, and long-term energy investments to reduce consumption or research advances. Of the $64 billion for public works, about 81 percent was out to bid, under contract or under construction by July, according to an August report by the House Transportation and Infrastructure Committee. For highway and bridge projects, New Jersey has 89 percent of its stimulus money obligated, but the national average for that category of spending is 92 percent and the state ranks 42nd among all states.
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