NEW YORK CITY—An analysis of the city's (Superstorm) SandyFunding Tracker by the trade group the New YorkBuilding Congress shows that only a small portionof the $10.6 billion in anticipated federal money has actuallyflowed north from Washington, DC to New York City.
The New York Building Congress reports that of the $10.6 billionin anticipated federal aid funds for New York City in response toSuperstorm Sandy, $5.6 billion has been awarded or allocated, andonly $934 million (17% of the funding) had actually been deliveredto city government.
While the majority of the funding is still to flow north fromWashington, DC, New York City government has already expended $2.7billion of New York City taxpayer money on projects and programsthat are eligible for federal Sandy relief reimbursement, the NewYork Building Congress states.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
