From the NY Post:
Major city infrastructure projects undertaken as part of the federal stimulus package have yet to generate even a fraction of the thousands of promised jobs, a Post analysis has found.
Meanwhile, about $4.7 billion of the $7.3 billion in stimulus money has been earmarked for "budget relief" -- feeding the city's own payroll and allowing it to continue to fund entitlement programs, such as food stamps.
Hiring for the anticipated, shovels-in-ground projects -- meant to be provide immediate employment to the area's jobless -- is only now beginning, nearly a year after the city got its hands on the dough, according to data compiled on the city's own online Stimulus Tracker.
"We're continuing to put federal stimulus dollars to work, with some projects near completion and others still ramping up," said Andrew Brent, a spokesman for Mayor Bloomberg.