Bush to Seek Merging of CDBG, 17 Other Development Programs

Vadum, Matthew
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p1
Trade Publication
The article reports that the administration of the United States president George W. Bush will ask the U.S. Congress to eliminate the Community Development Block Grant program and 17 other far-flung federal economic and community development programs and replace them with one consolidated program that would have a total budget about 26% below the current funding level of CDBG. Several municipal market participants immediately warned that the proposal appeared to be designed to eventually eliminate funding for all 18 of the development programs.


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