Paterson: NY ready to build
In a 10-page letter to President-elect Barack Obama and Vice President-elect Joseph Biden this week, Gov. David Paterson proposes how New York and the nation could benefit from billions of dollars he wants them to include in their economic-stimulus package. In an $800 billion package, $500 billion would be for Medicaid, unemployment insurance, food stamps, welfare assistance, child care and flexible education block grants to states.
The remaining $300 billion would be for investments in infrastructure. For each $1 billion invested, an estimated 30,000 are created That would mean 351,000 jobs in New York, Paterson wrote. New York has at least 1,922 infrastructure projects totaling $11.7 billion that can be ready to begin within six months of receiving federal money.
This is the breakdown of ready-to-go projects in New York:
—Transportation infrastructure, 382 projects, $3.66 billion
—Wastewater infrastructure, 92, $1.35 billion
—Clean water infrastrucutre, 7, $132.6 million
—State parks infrastrucutre, 31, $35.3 million
—K-12 school consruction, 737, $966.1 million
—Higher ed school construction, $245, $2.64 billion.
—Affordable houisng, 202, $192.97 million
—Broadband infrastructure, 9, $8.46 million
—Health information technology, 7, $1.3 billion
—Energy infrastrucutre and green jobs, 210, $1.42 billion.
(AP photo)
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