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Transportation,Treasury HUD Bill, Reflects Real Reform
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06/14/06 04:57 AM ET
This is a fiscally responsible bill, funding high priority programs and eliminating Federal funds for other programs that are duplicative or ineffective.
To continue my committee's commitment to reform, this bill funds member projects at $986 billion - $2.1 billion below last year's level. This is a 70 percent reduction from the previous year. In addition, for the first time ever, the bill requires a 40 percent matching requirement for grantees receiving Economic Development Initiative funding.
All in all, after much hard work and discussion, I believe we have a balanced bill before us. No, we didn't fund every program, but we did fund the higher priorities under our jurisdiction that will deliver the best results to the most people, and that is our responsibility.
To continue my committee's commitment to reform, this bill funds member projects at $986 billion - $2.1 billion below last year's level. This is a 70 percent reduction from the previous year. In addition, for the first time ever, the bill requires a 40 percent matching requirement for grantees receiving Economic Development Initiative funding.
All in all, after much hard work and discussion, I believe we have a balanced bill before us. No, we didn't fund every program, but we did fund the higher priorities under our jurisdiction that will deliver the best results to the most people, and that is our responsibility.
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