Tag Archives: funding
Assemblywoman Deborah Glick Lays Out Priorities for Stimulus Spending
President Barack Obama signed a $787 billion stimulus bill into law on Feb. 17, but in the days following, Wall Street markets continued to decline leaving millions of Americans wondering where all of the money would go. In the wake of the recent wave of behemoth stimulus bills, assemblywoman Deborah Glick (D-66th Dist.) and her colleagues in Albany prepared to parcel out all of the money the state has coming under the recovery plan.
Will Stimulus Bring Fiscal Reform? Not Likely
The economic stimulus bill will provide immediate relief for part of New York State and City’s fiscal distress. It will stave off disaster for at least a year. It will, however, do nothing to cure the chronic structural imbalance that is now greater than ever due to the collapse of the banks and the stock market.
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