Category: federal money

As Transit Fares Plummet, Federal Money Increases 95 Percent

November 11, 2022
Business & Marketseconomyfederal moneypassengersTransit FaresUSUS News
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In 2019, transit agencies across the United States for all modes of transportation took in 32.3 cents in fares for every dollar they spent on operating costs. Those transit agencies recovered 18.4 cents in fares on the dollar in 2020 and just 12.8 cents in 2021. Once the pandemic hit, transit operational costs increased while…

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New Jersey Using $325 Million in Federal Money to Help Homeowners Pay ‘Housing Cost Delinquencies’

January 26, 2022
federal moneyhelphomeownersNew JerseyRegional-Local NewsUSUS News
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New Jersey officials plan to use $325.9 million in federal Homeowner Assistance Fund (HAF) dollars to provide financial help and counseling for homeowners financially impacted by COVID-19. The Emergency Rescue Mortgage Assistance Program (ERMA) provides up to $35,000 for homeowners to pay “housing cost delinquencies,” including mortgage arrearages and delinquent property taxes. The New Jersey…

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Famous Las Vegas Magicians Get Millions in Federal Shuttered Venue Grants

October 17, 2021
federal moneyLas VegasUSUS News
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Sin City has no shortage of stages that suffered mightily amid the COVID-19 pandemic, and according to payouts of a federal grant program meant to help them and their employees, a significant portion went to a handful of wealthy magicians. The U.S. Small Business Administration’s Shuttered Venue Operators Grant has distributed more than $16 billion…

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