Big Cities Call Stimulus Distribution Unfair
The U.S. Conference of Mayors recently released a report that blasts the federal government's disbursal of stimulus funding. The report argues that big cities aren't getting their fair share of the money.
"The mayors commissioned a report looking at a pot of $18 billion set aside for transportation. When the report was released this month, the 85 most populous metropolitan areas had received $8.8 billion -- or 48% of the total. Yet those same areas account for 63% of the U.S. population and 73% of the gross domestic product, the report said.
Chicago would need to get another $250 million in stimulus transportation funds to reach a level that reflects its contribution to the Illinois economy, the report calculated. In Ohio, Cleveland and Cincinnati account for 40% of the total economy yet received less than 5% of the transportation stimulus funds earmarked for the state."