City lagging in stimulus spending?

    A Bloomberg News story has story cited Philadelphia as one of the slowest cities in the nation at spending stimulus funds with just 16 percent of its $251 million spent as of Sept. 30.

    Mayor Nutter’s spokesman Mark McDonald says while it’s true that only $40 million of the city’s stimulus funds has been spent, another $66 million has been obligated to specific projects.

    “That’s $106 million committed at this point and the money goes to a variety of different projects,” McDonald said. “The largest segment (is) focused on the economy and workforce development.”

    McDonald added that competitive bid procedures have to be followed, and city officials aren’t worried about losing any funding, because they’re taking their time to spend wisely.

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    “It’s taken a bit to time to put stuff out for bid, check those bids and approve the appropriate contract that best fits in terms of costs and quality of work,” said McDonald.

    He said money will be spent in the new year, and the process is moving along.

    You can track the city’s stimulus spending at this website.

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