Boston Herald: Simon: Not enough stimulus $ to go around (MA)
From Boston Herald:
More than 8,300 requests totaling $27 billion for infrastructure projects have reached the state’s stimulus czar and the list is growing. But many communities will be disappointed because the Bay State will get only a few billion federal dollars to distribute.
“I don’t know how many projects we’ll fund because their costs vary widely,” said Jeffrey A. Simon, the Patrick administration’s director of infrastructure investment. “I know for sure that we have about $2 billion. There will be some very good projects that we just can’t fund. Towns that submitted a dozen projects are being asked to prioritize.” Simon spoke to a packed crowd this morning at the Hyatt Regency Boston before members of NAIOP Massachusetts, a commercial real estate development trade group, about the $787 billion American Recovery and Reinvestment Act that Congress enacted earlier this month.
American households spend 17.6% of their budgets on transportation.