Additional Funding for Cities

I've said before that cities need another round of stimulus money, according to them. According to The Christian Science Monitor, President Obama agrees. Their article on the 2010 budget starts, "In President Obama’s fiscal 2011 budget proposal, the nation’s cities are winners."

The budget proposal contains another $100 Billion in economic stimulus money, much of which should go to cities. Low income projects reap the benefits of several of these proposals, including increased Medicaid funding, additional funding for low-income housing, and extension of unemployment benefits.

Subsidies for the Build America Bonds program are projected to continue, which should help with capital improvements in cities. The new proposal makes these subsidies permanent. Will this help Jackson with their water and sewer improvements? Maybe; we'll wait and see. Above all, remember that this is the President's PROPOSED budget. No fortune teller can accurately predict what will actually be squeezed from the budget process in Congress.