Mayor Sets Up Panel For Recovery Fed Funds

LEXINGTON, KY -- Mayor Jim Newberry on Saturday established the Mayor's Commission on the American Recovery and Reinvestment Plan, reports the Lexington Herald-Leader in its Sunday edition.

The group will provide recommendations on federal funding Lexington may receive through a plan President Barack Obama is designing to stimulate the economy and create jobs, according to a release from the mayor's office.

The plan, now a bill that is working its way through Congress, proposes funding for projects that must be completed in a two-year period.

At the request of the Obama transition team, Newberry and other community leaders compiled a list of local projects and submitted them for funding, as did communities across the country. Lexington's list included 196 projects totaling $556 million.

"These are important projects for our community that we have been unable to afford," Newberry said. "Of course, we won't get everything on this list, but we think we have the opportunity to receive significant funding. It's important that our community be prepared to spend the funding we receive wisely."

The commission, which will meet in open session, will provide recommendations on how the money would be spent and monitor the expenditures to ensure the optimum public benefit, reports the Lexington Herald-Leader.

Copyright - The Lexington Herald-Leader

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