Wednesday, June 08, 2005

9/11 Atrocity after the fact - Part II

Use appropriations as directed or return the funds! That is the word from the Feds reagarding about $44 mil of Federal Aid for 9/11 victims. New York failed to use the funds according to the agreement with the Federal government and dispersed it to agencies not authorized to receive the funds. If, as New York asserts, the funds still went to the victims, I don't have a huge problem with it, congress will still need to approval the method of dispersal...I guess we'll see.

Another, larger problem for the State is that they have yet to spend approximately $125 million of Federal monies and are considering taking the money back from the State. This money was for Worker's Compensation claims. The State says they are waiting for "additional claims" to come in. Hmmm. I can see a few claims coming in later from fireman/polics/emergency workers who can in direct contact with the site and having to breath in the polluted air, but I am not to sure about $125 million worth.

One question here as well: What happens with the interest on these funds? State General Fund? Just a thought.

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