Stimulus Package

Planning Programs and Funding in The American Recovery & Reinvestment Act (ARRA)

April 21st, 2009

Stimulus Basics $787 Billion Package

Broad-based Legislation

Shaped by Political, Economic Context

Challenge of Balancing ‘Shovel Ready’ & Transformational

A ‘down payment’ on Major Needs

“Never allow a crisis go to waste.” Rahm Emanuel,

White House Chief of Staff

Breakdown of Dollars …

Five Purposes of ARRA● Create & Preserve Jobs

● Invest in Increasing Economic Efficiency

● Stabilize State and Local Government Budgets

● Invest in Infrastructure & Energy to Provide Long-Term Economic Benefits

● Help those Most Affected by Recession

Accountability & Implementation

No Earmarks

Mostly Existing Formulas

New Agency Guidance on Allocations, Distributions

Recovery.govProject Lists Detailed Reporting

♦ Energy Efficiency and Renewable Energy – Total: $16.8 billion

-$3.2 billion Energy Efficiency and Conservation Block Program-$5.0 billion for Weatherization Assistance Program-$3.1 billion for State Energy Programs-$2.0 billion advanced battery manufacturing-$2.6 billion for R&D in Energy Efficiency and Renewable Energy-$800mm for biomass-$400mm for geothermal-$50mm for IT & Communications efficiency-$300 million for Alternative Fueled Vehicles Pilot Grant Program-$400 million for transport electrification-$300 million for Energy Efficient Appliance Rebates Program and Energy Star Program

Energy Efficiency and Renewable Energy – Total: $16.8 billion

♦ Electric Delivery and Energy Reliability: $11.0 billion total forModernization of the electric grid

– $4.5 billion specifically for ‘smart grid’ applications; intended to set up digital technologies in the transmission grid that will save energy and costs and facilitate recovery from disruptions

– $100 million for worker training

–$80 million for detailed resource assessment of future transmission anddemand requirements after consultation with FERC

Additional Funding Measures♦ Clean Energy Bonds- Increased authorized principal by $1.6billion - 1/3 for government; 1/3 for public power providers; 1/3 for electriccooperatives

♦ Loan Guarantee Program – $6.0 billion-Aimed at existing Transmission and

Renewable Technologies. Administered by DOE

Energy Tax Relief and Support♦ Specific Energy Tax Schemes- Renewable Energy PTC extension$13.143 billion- Temporary substitute election of ITC$285 million- Grants to monetize ITC upfront♦ General Business Tax relief- Depreciation bonus: $5.074 billion

Historic, One Time Investment

Over $100 Billion education investment

Historic opportunity to stimulate economy and improve education

Success depends on leadership, judgment, coordination and communication

Advance Core Reforms: AssurancesCollege - and career ready standards and high quality, valid and reliable assessments for all students, including ELLs and students with disabilities

Pre - K to higher education data systems that meet the principles in the America COMPETES Act

Teacher effectiveness and equitable distributions of effective teachers.

Intensive support and effective interventions for lowest -performing schools

State Fiscal Stabilization Fund $53.6 BillionFormula

Governors 48.6 Billion

Public Elementary, Secondary, and Institutions of Higher Education 81.8% ($39.8 billion)

Education, School Modernization, Public Safety, or other Government Services 18.2% ($650 million)

Competitive The Secretary $5 Billion

Race to the Top($4.35 billion) What Works and Innovation ($650 million)

Accountability and TransparencyAll ARRA Funds Must be tracked separately

Quarterly reports on both financial information and how funds are being usedEstimated Number of jobs createdSubcontracts and sub-grants required to comply with the Federal Funding Accountability and Transparency Act

Reporting Template being developed for use by States to capture required information

Transparency allows opportunity to quantify/define goals and mobilize support for improving results for all students

HHS is committed to a timely implementation. Plans for spending, reporting, auditing, and investigation of fraud and abuse of Recovery funds are being developed and will be made available here.

Total Obligated HHS Funds: $27.9 Billion (as of 4/10/09)

Total Disbursements: $12.3 Billion (as of 4/10/09)

List of Programs for Which Funding Has Been Announced:

* Adoption Assistance and Foster Care Programs * Child Care and Development Fund * Child Support Incentives * Community Health Center Program * Community Services Block Grant Program * Comparative Effectiveness Research Funding * Disproportionate Share Hospital Program * Immunization Grants Program * Medicaid and Prescription Drug Funding * NIH Medical Research and Construction Funding * Senior Nutrition Programs * Temporary Assistance for Needy Families (TANF) Programs

Funding OverviewTransit Total: $8.4 Billion

New Starts $742 MillionRail Mod $742 Million

Highways & Bridges: $27.5 Billion

Intercity & High Speed Rail: $9.3 BillionHigh Speed $8 BillionAmtrak $1.3 Billion

Supplemental Multimodal: $1.5 Billion

Funding OverviewCDBG $1 BillionPublic Housing Capital $4 BillionNeighborhood Stabilization $2 BillionTax Credit Assistance / HOME $2.25 BillionEDA $150 MillionHomeless Assistance $1.5 BillionCDFI $100 MillionLead Hazard Reduction $100 MillionNative American Housing Block Grant $510 MillionSection 8 $2 BillionEnergy Efficiency for Multifamily Housing $250 MillionRural Housing $200 Million

Online Resources for Stimulus Information

● Federal Clearinghouse for Stimulus Information http://www.recovery.gov

● Federal Agency Information & Guidance www.hud.gov/recovery http://www.fhwa.dot.gov/economicrecovery/index.htm http://www.fta.dot.gov/index_9118.html http://www.dot.gov/recovery/ http://www.epa.gov/recovery/ http://www.energy.gov/recovery/index.htm

● Also see the website of the APA. APA is a good resource and I used information from APA in making this presentation. See updates on:

www.planning.org/policy/