Obama's budget gives city boost in terror fight, transportation
President Barack Obama’s 2012 budget proposal gives Gotham a big boost in its efforts to fight terrorism and improve transportation near the World Trade Center.
The plan would allot more than $40 million for “four vital programs that are the lifeblood of New York’s anti-terror initiatives,” said Sen. Chuck Schumer (D-NY).
“New York wins big on homeland security funding in this budget,” he said.
Gotham would also see part of the $27 million Securing the Cities initiative, which would help major cities detect dirty bombs.
Unlike the GOP House plan, which could slash $100 million from Gotham, Obama’s plan is mainly a boon for New York.
— The city could get upward of $2 billion in tax credits to help transportation projects in lower Manhattan
— Summer-session Pell grants for students would end, along with interest subsidies for grad-student loans
— Overall federal funding for public schools would increase