Valley projects ready for federal funding

About $330 million in San Fernando Valley infrastructure projects could be eligible for a piece of President Barack Obama's $825 billion economic stimulus package, according to a city report. Brandon Lowrey in the Daily News.

Los Angeles City Council members are set to consider a list of projects next week they hope could qualify for federal funds. The office of Mayor Antonio Villaraigosa released the report, which listed hundreds of projects, totaling billions of dollars, throughout the city.

Because terms and specifics for the stimulus money haven't been finalized, however, it remained unclear which of the items on the list would qualify for federal help. The Mayor's Office wrote that the money would almost certainly be administered through the state, which has a nearly $42 billion budget deficit.