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A Local Reality Check of the American Recovery and Reinvestment Act of 2009
Triad Associates
On February 17, 2009, at an alternative energy facility outside of Denver, Colorado, President Obama signed into law the American Recovery and Reinvestment Act (ARRA) of 2009. ARRA amounts to the largest one-time domestic spending program in the history of the United States. Coupled with a massive dose of tax relief, ARRA is intended to stimulate the faltering United States economy and specifically, to create or save 3.5 million jobs during the President’s first two years in office.
How will ARRA affect states and local governments? ARRA contains more than $300 billion in potential funding for state governments and state-related programs. Over 60 percent of ARRA spending will flow through, or be touched by, state governments; yet by projection less than 1 percent is targeted directly to local governments. Funding for local governments will come primarily in the form of entitlement funds that are in place, such as: Community Development Block Grants (CDBG), Social Service Block Grants (SSBG) and Energy Efficiency and Conservation Block grant programs.
Investments in these formula grants will be significant for those communities who are eligible. For instance, CDBG (www.hud.gov/recovery/cdblock.cfm) is slated to receive $1 billion, while the Energy Efficiency and Conservation Block Grant Program will distribute $2.8 billion in funding through formula and another $400 million in discretionary funds (www.eecbg.energy.gov).
Much of ARRA is directed toward state relief. There is over $95 billion in funding that may supplant current budget spending to address the $350 billion budget crisis faced collectively by states over the next two years. A large portion of that funding goes to the projected $87 billion needed for the increased Medicaid match, while another $8.8 billion will be provided as flexible stabilization funds for states to use to fill budget gaps at any level and within any department.
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(This service includes general grant guidance, please contact the League for more details.)
Contact Taran Samhammer at the League at (609) 695-3481 extension 124 for more information. |
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