New York, NY —
While New York City officials are expecting $3.4 billion in aid from President Obama's stimulus package, New Jersey officials are still waiting to find out what they're going to get. WNYC's Bob Hennelly has more.
REPORTER: What is known is that the house may grant New Jersey $770 million in aid for highways and bridges, and another $430 million for mass transit. Also house budget-makers are adding $230 million for clean water projects. That adds up to $1.5 billion for Jersey infrastructure. The Senate's allocations are still pending. Meanwhile, both New Jersey and New York middle class households who make $75,000 and up were granted a one-year shield from the Alternative Minimum Tax by the Senate Finance Committee. Providing that relief nationwide is expected to add $70 billion to the Obama Administration's $825 billion recovery program, bringing the price tag closer to $900 billion. For WNYC, I am Bob Hennelly.