WaPo: Some harsh truths while remembering New Orleans
Source: Washington Post
From last Friday's anniversary editorial:
But the Louisiana Recovery Authority (LRA) reports that less than half of the $33.2 billion in allocated federal rebuilding funds has been spent. The Brookings report shows that fair-market rents have climbed 46 percent since Katrina. Disbursements from the state-run home rebuilding fund, the Road Home Program, have slowed. According to the LRA, 84 percent of active applications had been closed as of Wednesday. The average grant is down to $58,527 from $72,669 in July 2007. Despite an increase in ridership, Brookings notes, only 50 percent of public transportation routes and 19 percent of buses are operational in New Orleans.












