9,345,000 in CDBG Funds to be Lost

Unexpended CDBG Balances 365,000 already spent
2009 -2024 365,000 times 16 = 5,840,000
2018 balloon payment = 1,870,000
2014 ballon payment = 1,270,000

If we do not get federal earmarks, the City of Worcester stands to lose

$9,345,000

in CDBG funds from now thrus August 2004. These monies could have been invested in our community.