Swapping stimulus funds

Posted by Rick Orlov on March 11, 2009 6:11 AM | | Comments (0) |

In what critics describe as "backroom swaps," some smaller cities in Los Angeles County are selling their federoyral stimulus funds to other municipalities in cash deals as low as nearly 60 cents on the dollar.Troy Anderson and Alfred Lee in the Daily News.

Expecting to receive $800 million for transit projects, the Metropolitan Transportation Authority is allocating at least $500,000 to each of the county's 88 cities for shovel-ready improvements, ranging from overpasses to bike paths to pothole repairs.

Categories:

Leave a comment

About The
Sausage Factory

Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

About this Entry

This page contains a single entry by Rick Orlov published on March 11, 2009 6:11 AM.

Working to let the sun shine in was the previous entry in this blog.

School board votes for layoffs is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Recent Comments

Powered by Movable Type 4.21-en