US EditionMunicipalities Run Out of $750 Million in Reconstruction Project Funds
5 Articles
5 Articles
UNO Radio Group
The $750 million fund the government set aside to advance money for reconstruction projects expired on June 30. Although few municipalities used it, the fund—with state money—was intended to be an additional safeguard against…
The $750 million fund that the Puerto Rico government separated to advance money for reconstruction projects expired on June 30. Although few municipalities used it, the Fund with state money was intended to be an additional safeguard against the lack of economic liquidity. Gov. Jenniffer González presented an administrative measure to extend its validity until 2027. The House of Representatives approved Joint Resolution 111, but the Senate did …
MUNI Gets $750 Million Loan to Avoid Cuts
The State of California has provided Bay Area transit agencies with a $750 million loan to prevent cuts that threatened San Francisco’s historic streetcars and cable cars. COVID-era funding from the federal government has helped many transit agencies stay afloat as they adapt to changing commuter patterns. However, that funding is now nearly exhausted, prompting agencies to seek new sources of revenue. Earlier this year, officials from the San …
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