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February 26, 2009

Re:  Federal Stimulus Funding Information Update

Dear Mayor:

We hope that many of you were able to take advantage of yesterday’s NLCTV webcast of the latest information on Recovery Bill funding. If you were not able to view that special, you can still access the information.

NLC’s Director of Federal Relations, Carolyn Coleman, and her staff put together a power point presentation of the highlights of the Act, which you can access at:
http://www.nlc.org/ASSETS/F98602E862A4425BA19E65476C642B6B/ARRA_Presetation.pdf  and the entire webcast, including over a half hour of questions and answers, should be available later today at the NLCTV website archives at http://www.nlctv.org/.

Meanwhile, here in Trenton, on Monday, Governor Corzine named his chief of staff, Ed McBride, and the state comptroller, Matt Boxer, to lead a group that will oversee the execution and implementation of the $787 billion American Recovery and Reinvestment Act in New Jersey.

This group will be charged with ensuring that New Jersey gets “access (to) every dollar available in the federal stimulus package ...,” and, “that the money is directed efficiently and effectively to the appropriate programs."

The Center for American Progress has estimated that New Jersey will receive some $17.4 billion from the federal stimulus program, including $7.2 billion in tax cuts that will provide relief to more than 3.5 million taxpayers in New Jersey beginning as early as some people's next paycheck. The stimulus package also contains much-needed assistance for the growing burden on state Unemployment Insurance funds as well as other social safety net programs as well as substantial investments in roads, bridges, dams and other infrastructure that will create billions of jobs across the nation.

Corzine plans to identify other members of the group in the coming week. He had previously established two internal working groups on the federal stimulus package, one focused on the infrastructure portion and another on the other components.

Though our information is incomplete at this time, with both Federal and State agencies working day and night on funding and application procedures, if you have any questions, you can call Jon Moran at 609-695-3481, ext. 121.

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

 

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