The Massachusetts Budget and Policy Center has a new report out on American Recovery and Reinvestment Act of 2009 funds that are headed for the Bay State. The total estimated is $17.7 billion dollars. Here is a link to the full report.
This total is comprised of:
* $3.6 billion to help the state address the budget gap
* $5.8 billion in tax and related benefits to residents
* $2 billion in other direct benefits to residents
* $942 million in infrastructure repairs and improvements
* $5.4 billion for workforce training, education, research, energy efficiency and other ARRA priorities
The Mass Budget report breaks down the list above as follows;
For each item, this report:
* Describes the total ARRA appropriation.
* Estimates the total funding level for Massachusetts over the course of the
program.
* Provides the funding allocation Massachusetts has received as of Sept. 30.
* Estimates the amount of the allocation that has already been spent.
* Describes what has happened over the past seven months and what is expected to
happen in the months to come.
* Assesses whether the funds address the state’s current budget crisis.
* Describes any restrictions on funds.
Some of the categories, such as education, public safety and human services, have already allocated much the funds. Others, such as infrastructure, energy, and health care, have allocated half or less.
This is an interesting read for those who are curious about where the stimulus money is going.
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