April 12 (Bloomberg) - U U.S. cited and local governments will lose funds for community redevelopment projects, transport, transit and police and firefighters under the agreement on the budget which has avoided a closure of the Federal Government.
The agreement signed between President Barack Obama and leaders of the Congress to reduce funding for the Department of housing and urban development of the community development by 942 million dollars Fund 3.5 billion dollars, according to a published list today. It eliminates also public transport grants $ 680 million, more than 700 million from the low income housing and 786 million of grants to local organizations to respond to emergency situations. "It will certainly have an impact at the level of local,", said Greg Minchak, a spokesman for the National League of cities, in Washington." "This will means projects won't go forward, cities will have to readjust that they worked, and we will see layoffs because of this.".The cuts affecting cities are among those required to produce the $ 38 billion that Obama and the heads of the Congress agreed to for the rest of the fiscal year 2011. Cuts solved a confrontation between the White House and Republican leaders last week threatened to force the closure of Federal Government first in 15 years.Legislation 1.049 billion dollars is set for a vote of the Assembly later this week, with a vote of the Senate to follow, as legislators push to bring the budget fight to an end.UrgedCity Congress leaders had urged Congress not to cut the community development program, saying doing so threatened to deal a blow to their already struggling economies. Housing and urban development program provides federal grants to States and localities of affordable housing, the improvement of infrastructure, economic development and other projects.Cities have little place to compensate for the lost funds. Local governments have eliminated 416,000 jobs because their payroll peaked in September 2008, before the financial crisis has worsened, and State and local tax collections have yet to recover the peak hit more than two years.Also, the agreement on the budget eliminates funding for high-speed rail projects and cancels the 400 million in funding in previous budgets. The blows save 2.9 billion dollars, according to the list.Robert Healy, a lobbyist for the American Public Transportation Association, said that cuts come at a time when the rise in the price of gasoline are illustrating the need for investments in public transit. "" We are very concerned about the impact of the agreement on transit and rail transport high speed ", he said. "It is short-sighted."-With the help of Brian Faler at Washington. Publisher: Walid El-Gabry.
To contact the reporter on this story: William Selway in Washington to wselway@bloomberg.net
To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net
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