Weiner: Dem Stimulation Bill Good For NYC
On the heels of the passage of the American Recovery and Reinvestment Act of 2009, the House economic stimulus package, Representative Anthony Weiner released a new study on what the economic recovery plan means for New York City:
1. More Cops on City Streets: The stimulus provides $1 billion through the competitively awarded COPS program, an innovative crime prevention initiative, for hiring approximately 5,750 officers nationwide, including an estimated 440 cops for New York City based on historical funding trends.
2. Investing in Infrastructure: The package provides $159 billion in new infrastructure investments, with nearly $3.4 billion going directly to New York projects. 3. Aid for States: The package provides nearly $32 billion to help states with high priority needs and other budget shortfalls. Weiner introduced a bill in 2003 and 2007 to give money to states and cities to help prevent cuts in support services.
4. Health Care Relief: The stimulus provides $87 billion nationwide to ease the strain of Medicaid costs on states and cities. New York State will receive between $7 and $10 billion, with approximately $1.85 billion coming to New York City.
5. Aid to Public Housing: New York City Housing Authority, the nation's largest, provides housing for over 400,000 individuals in 178,000 apartments. The stimulus provides an estimated $520 million to New York City to replace boilers, elevators and to meet other capital needs. This funding could create an estimated 3,500 construction jobs for New Yorkers.
6. Tax Cuts for Middle Class New Yorkers: The package includes tax cuts that will ease the tax burden on 1.7 million New York City families. Workers making under $200,000 will receive a tax cut of approximately $500, with couples receiving $1,000. In 2006, Weiner proposed a 10 percent cut to families making under $150,000.
7. Funding for Schools and Teachers: New York City will receive approximately $1.75 billion of an estimated $41 billion in education assistance to states. $800 million will go directly to upgrade outdated buildings and technology in New York City.
8. Food for the Hungry: The stimulus package provides $20 billion in food stamp funding to states, which would provide approximately $840 million in additional anti-hunger funding to New York City over the next two years.
9. New Job Training and Development: New York State will receive $154 million for job training, including $75.3 million for youth services and summer jobs. New York City is expected to receive at least $64 million of the state's allotment. Weiner introduced legislation last year to double job training funding, which was cut by nearly 15 percent in 2008.
Weiner said, "We will be accomplishing more to help New York City needs with this one bill than any in recent memory. These are smart investments that come at a time when New York City needs them. I am thrilled that many of the efforts I was involved with have borne fruit for the Big Apple."