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Obama Directs Feds To Pick Up More Of New York's Public Sandy Relief Tab

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TWC News: Obama Directs Feds To Pick Up More Of New York's Public Sandy Relief Tab
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President Barack Obama modified on Thursday his disaster declaration for New York State following Hurricane Sandy so that the federal government will now pick up 90 percent of costs for public assistance projects resulting from the storm.

The president's first disaster declaration on October 30 set the limit for federal funding at 75 percent.

Previously, Obama allowed for 15 days' worth of complete federal funding of efforts to restore emergency power and public transportation.

On May 1, federal spending on Sandy passed the rate of at least $133 per state resident, allowing Obama to increase the percentage of the federal relief spending

This came as Sen. Charles Schumer said that another $3.7 billion in federal funding will go towards Sandy relief efforts by New York area transit agencies.

About $2.4 billion will go towards Sandy-related repairs and $1.3 billion will help prepare the transportation systems to withstand future storms.

The Metropolitan Transportation Authority will receive $2.6 billion of the funds, the Port Authority of New York and New Jersey will get $871 million and the city Department of Transportation is slated to get around $11.4 million.

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