Thursday, February 19, 2009

Stimulus Watch: See What's Proposed by State

From Stimulus Watch, here's a list of proposed projects by state to potentially be funded by the stimulus package.

From the Stimulus Watch website:

The Obama White House has begun taking the first steps to keep its promise to be the most transparent and accountable administration in history. However, it has yet to provide the type of interactive accountability tool you see here. Because legislative and executive activity on stimulus spending is moving so quickly, we feel its important to help jump-start citizen participation as soon as possible.

Additionally, this site is interactive in a way we don't expect to see in federal government sites. First, we are trying to gather knowledge from you about the worthiness of local projects before they are funded. Second, after a project has been funded we would like to continue to harness local knowledge about how the funds were spent and the project managed in order to keep local officials accountable. To date, no federal site does this.

The American Recovery and Reinvestment Act was signed by the President on February 17. That legislation won't list the projects to be funded. Instead, it will appropriate money for federal grant programs, such as the Community Development Block Grant (CDBG) or Surface Transportation Program, which will then use the appropriated stimulus money to make grants to cities. In the case of CDBG, for example, the Department of Housing and Urban Development will be the agency that will decide (using a formula) which of the projects requested by the mayors will be funded.

That said, the funding Congress approves for these programs, and thus how much money cities will actually receive for their projects, may exceed or fall short of the mayors' suggestions. This means that not every project requested by the mayors will be funded. And that is why it's important for citizens to register their opinions on which projects they believe are critical and which are not. By the same token, it is also likely that many projects not yet proposed by localities (and thus not listed on this site) will receive funding via federal programs.

HT: Roger Meiners


At 2/19/2009 10:22 AM, Anonymous Anonymous said...

To bad the dems will not change Capital Gains and I would consider taking risk to buy more RE.

Meeting with Banker. They want more buy downs on their Commercial Loan Commitments. Little Stimulus in Pork and Spend Bill. Say it was more of a Obama pay off for election (their words not mine).
Bankers Hold line on Mark to Market but admit Mark to Model is far better way.

Dave Johnson
Sacramento CA.

At 2/19/2009 11:52 AM, Anonymous Anonymous said...

The stimulus plan is complete bullshit. Is "Stimulus Watch" going to track the billions of dollars ladled out to Democrat party cronies, like ACORN, under this travesty?

People are fed up! Chicago traders have had enough! Time for another Tea Party?

At 2/19/2009 1:52 PM, Anonymous Anonymous said...

Perhaps some Republicans and conservative Democrats can pass an amendment to the bill requiring that the spending be spread out over 10 years. That would reduce the near-term deficit and allow the economy time to recover. Also, it would help keep the government from crowding out private access to capital markets. It looks like a good issue for the Republicans, especially if the economy gets better in the next 6 months.

At 2/27/2009 2:28 PM, Anonymous Anonymous said...

It is "Democratic Party" you pin head, not "Democrat Party."

By the way, your comments are idiotic.


Post a Comment

<< Home