Sandy Aid Bill Passing The House Means Much Needed Relief Is On Its Way
By Alexandra Hill, WBGO News
January 16, 2013
Now that the Sandy aid bill has passed the house it seems the much needed financial assistance will soon be on the way.
The delayed passing of the Sandy aid bill left many politicians and residents statewide wondering just how they would pay for the extensive damage caused by the storm. Rutgers economist Joseph Seneca says without federal aid the state’s economy would remain weakened.
“It’s excellent news, I think the monies have to be, you know allocated and spent, and spent well, but it is certainly the enabling mechanism that will help the state recover.”
Seneca also says historically states hit by natural disasters saw an economic boost with the help of federal funds to rebuild.