NYC's Homeland Security Funding Slashed

While cities that have never suffered terrorism are receiving large increases in homeland security funding, New York City's allocation is being cut by 40 percent after faulty analysis omits reference to iconic sites, critics charge.

"The city was stunned yesterday to find that its share of federal anti-terror funds was slashed nearly in half by bureaucrats who said it has no national icons to protect and lousy defense plans.

Homeland Security Secretary Michael Chertoff determined, however, that cities that have never been targeted by Al Qaeda -- like Louisville, Atlanta and Omaha -- deserve whopping increases.

But a document obtained by the Daily News that explains what Homeland Security reviewers were looking at in their analysis suggests key data were missing.

For instance, in the category 'national monuments and icons,' the feds list none. For banking and finance businesses, they could find only four worth more than $8 billion, when the Bloomberg administration estimates there are at least 20."

Full Story: Feds to city: drop dead

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