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Jackson officials warn: $20 million in federal road grants could be lost without local match
Summary
City officials told council members that roughly $75 million in federal projects require local matching funds; the $37 million "Megahertz Boulevard" project alone needs a $17 million local share and risks losing about $20 million in federal funding if the city fails to provide a match.
City officials told the Jackson City Council on Sept. 4 that the city faces a near-term obligation to provide local matches for roughly $75 million in federal transportation projects, and warned that failure to identify matching money could jeopardize millions in federal funds. The most immediate concern is a $37 million corridor project identified in materials as "Megahertz Boulevard," for which staff said the city’s share is about $17 million.
Why it matters: losing the federal portion of committed projects would force the city to either scale back planned improvements or forfeit decades of federal investment targeted to streets, sidewalks and sewer work. Staff told council members they are pursuing multiple avenues to reduce the city’s exposure and to…
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