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On December 15, 2011, that $511 million from the TIGER grant program would fund 46 transportation projects in 33 states and Puerto Rico. [6] In 2012, the fourth round of TIGER funding—close to $500 million—went to 47 transportation projects in 34 states and the District of Columbia. [7]
The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor George Pataki and then-Mayor Rudolph Giuliani. [2]The LMDC is a joint State-City corporation governed by a 16-member Board of Directors, half appointed by the Governor of New York and half by the Mayor of New York.
The state reintroduced the option of tax-increment financing for the funding of Community Revitalization and Investment Authorities (CRIAs) in 2015, the latter being authorities created by local governments to create or upgrade infrastructure and create or preserve affordable housing for low and moderate income households.
The real median post-tax household income jumped 3.7% from $66,800 in 2022 to $69,240 in 2023. The good news is that household income increased at all income levels. It wasn't just high earners ...
Also in 2017, New York Republican John Faso introduced a bill, H.R. 3977: The Infrastructure Bank for America Act of 2017, which would have established a federally chartered bank to invest in infrastructure projects throughout the country.
In 2002, Congress allocated $132 million for infrastructure projects in New York State, including $14.7 million for East Side Access. [34] A final design for the project was approved in 2002, and the first properties for it were acquired in 2003.
Image source: Getty Images. The latest Pew Research Center data shows that middle-income households experienced a rapid increase in their net worth during the pandemic, rising 29% from 2019 to 2021.
By May 2024, the law's halfway mark, the numbers had increased to $454 billion (38 percent of the Act's funds) for more than 56,000 projects, [137] and by the third anniversary in November 2024, they had increased to $568 billion (47 percent) to 68,000 projects, leaving 53 percent of IIJA funds unallocated but showing the administration had ...