The Circumferential Parkway, which would cost $28 million (1938 USD), was accepted on October 13, 1938, with $16 million coming from the State of New York and the city, while the other $12 million coming from the Public Works Administration. In order to make the money to fund the new parkway, a new court house for the Appellate Division had to be slashed along with subway improvements and additional funding from the 1939 capital budget. Costs of the new parkway were divided between the boroughs of Manhattan, Queens and Brooklyn at a 66%-17%-17% design in favor of Manhattan. The new parkway would help connect other transportation facilities throughout Brooklyn and Queens, and as a result, plans for a connection to South Brooklyn and the West Side and East Side Highways. The city also appropriated $3.327 million for the land acquisition for the new alignment, plus the engineering work. Moses notified the board that he had $5 million worth of contracts to let so that work could start as soon as possible. The board also accepted the $12 million federal contribution for the new project.