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Economic Stimulus Update

Economic Stimulus Update. City Council Briefing December 15, 2009. American Recovery and Reinvestment Act of 2009 (ARRA).

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Economic Stimulus Update

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  1. Economic Stimulus Update City Council Briefing December 15, 2009

  2. American Recovery and Reinvestment Act of 2009 (ARRA) The American Recovery and Reinvestment Act of 2009 is an Act of Congress enacted by the 11th United States Congress and signed into law by President Obama on February 17, 2009. The Act is intended to provide a stimulus to the U.S. economy in the wake of the economic downturn.

  3. American Recovery and Reinvestment Act of 2009 (ARRA) The Act includes federal tax cuts, expansion of unemployment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector.

  4. Public Accountability • There is an ARRA link on the city’s website to show how the economic stimulus funds are being utilized. We are committed to a transparent government. • Citizens can contact 311 for specific information or questions related to stimulus funds.

  5. Reporting Requirements • Each agency receiving Stimulus dollars must adhere to the required reporting requirements deadlines and progress reports • Periodic Audit Reports by the Internal Auditor

  6. Transparency and Disclosure • http://www.columbusga.org/Eco_Stimulus_Briefing.htm

  7. Economic Stimulus Request • City Request Confirmed • $87,133,285 $19,537,363 • Not Approved Pending • $30,854,232 $36,741,690

  8. Economic Stimulus Request • Transportation Projects Confirmed: • Warm Springs Rail Line & Trail $1.25M • Intelligent Transportation System $3.2M • I-185 @ Victory Dr. Gateway $2M • 14th Street Pedestrian Bridge $3.35M • Veteran’s Pkwy Streetscape Phase II $1.25M

  9. Economic Stimulus Request • CDBG-R Confirmed Projects: • Neighborhood Revitalization • Cusseta Rd. Pedestrian Upgrade $221,582 • Storm Drain Rehab $262,907 • Homeless Prevention (HPRP)Confirmed: $740,907

  10. Economic Stimulus Request • METRA Confirmed Projects: • 4 Clean Diesel Low Floor Buses $1.3M • 3 Clean Diesel Low Floor Trolleys $1.2M • Enhancements (safety/security) $219,429 • EECBG Confirmed Projects: $1.8M

  11. Economic Stimulus Request • Workforce Investment Act Confirmed: • Youth Program (completed) $923,659 • Adult Job Training $384,713 • Dislocated Workers $593,838

  12. Economic Stimulus Request • GA Criminal Justice Coordinating Council Projects (JAG Grant) Confirmed: • Victim Witness Assistance $ 40,000 • Edward Byrne Memorial Justice Assistance Grant Confirmed: • Court Related Activities $666,990

  13. Total Economic Stimulus Funds Confirmed$19,537,363

  14. Questions?

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