All articles tagged with #funding allocation
The Biden administration is allocating $5.8 billion for water infrastructure projects across all 50 states, bringing the total to $22 billion from the bipartisan infrastructure law. This funding, part of the $1 trillion law, will support upgrades to water treatment plants, distribution systems, and lead pipe replacement, with a focus on clean water initiatives.
The US Senate passed a $95bn foreign aid bill, drawing criticism for prioritizing military aid to Ukraine, Israel, and Taiwan over domestic needs like housing, healthcare, education, and debt relief. Critics argue that the allocation reflects skewed priorities, with 62% of the federal discretionary budget going to militarized programs. They advocate for redirecting the funds to address child poverty, education, housing affordability, climate adaptability, and green economy goals, emphasizing that investing in wars overseas perpetuates instabilities and fails to address root causes of conflicts.
President Biden's $42.45 billion broadband internet investment, part of his "Bidenomics" campaign, is primarily benefiting affluent blue cities and states rather than rural areas as intended, according to a report by Senator Ted Cruz. The report reveals that funding has been allocated to areas with million-dollar residences and beachfront properties, including locations with existing internet access. It also highlights instances of odd distribution, such as allocating funds to areas with no unserved locations or redundant funding. The report criticizes the bias towards fiber broadband and the lack of consideration for alternative technologies. The Biden administration estimates that 8.5 million locations in the US lack internet access.
The Biden administration is allocating $1 billion for midstage COVID-19 vaccine trials, $300 million for the development of a new monoclonal antibody for immunocompromised individuals, and $100 million to explore new technologies to prevent and treat COVID-19. The funding will support smaller biotech companies in conducting clinical trials and expand investments in new technologies. The administration aims to be prepared for future challenges posed by the virus. More funding allocations will be announced before September 30th.
New York City's new $107 billion budget deal includes $4 billion in funding for affordable housing in the next fiscal year, fulfilling a promise made by Mayor Eric Adams two years ago. The budget agreement, announced by Mayor Adams and Council Speaker Adrienne Adams, aims to address the affordable housing crisis and the influx of migrants in the city. Of the $4 billion, $2.5 billion will go to the Department of Housing Preservation and Development, and $1.5 billion will go to the New York City Housing Authority. The budget also restores $32.9 million in funding for NYCHA and reverses proposed cuts to libraries and cultural institutions. However, concerns remain about the city's long-term fiscal health and the impact of the migrant crisis on future deficits.