APA Stimulus Funding
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APA Stimulus Funding

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Donny Foster's Presentation at MIT/Stanford VLAB Event on The New Stimulus Package: What Does it Mean for the Valley? April 2009

Donny Foster's Presentation at MIT/Stanford VLAB Event on The New Stimulus Package: What Does it Mean for the Valley? April 2009

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    APA Stimulus Funding APA Stimulus Funding Presentation Transcript

    • 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.gov
        • Project 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 for Modernization 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 and demand 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: Assurances
      • College - 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 Billion Formula 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 Transparency
      • All ARRA Funds Must be tracked separately
        • Quarterly reports on both financial information and how funds are being used
        • Estimated Number of jobs created
        • Subcontracts 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 Overview Transit Total: $8.4 Billion New Starts $742 Million Rail Mod $742 Million Highways & Bridges: $27.5 Billion Intercity & High Speed Rail: $9.3 Billion High Speed $8 Billion Amtrak $1.3 Billion Supplemental Multimodal: $1.5 Billion
    • Funding Overview CDBG $1 Billion Public Housing Capital $4 Billion Neighborhood Stabilization $2 Billion Tax Credit Assistance / HOME $2.25 Billion EDA $150 Million Homeless Assistance $1.5 Billion CDFI $100 Million Lead Hazard Reduction $100 Million Native American Housing Block Grant $510 Million Section 8 $2 Billion Energy Efficiency for Multifamily Housing $250 Million Rural 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 /