Lansing Recovery Presentation

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Community presentation given by Governor Granholm to discuss the American Recovery and Reinvestment Act and the impact that it will have on Lansing, Michigan.

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Lansing Recovery Presentation

  1. 1. A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm
  2. 2. The American Recovery and Reinvestment Act (ARRA) of 2009  President Obama signs ARRA on February 17, 2009  The largest investment increase in America’s roads, bridges and mass transit in 50 years  The most significant expansion in tax cuts for low- and moderate income households ever http://michigan.gov/recovery
  3. 3. Michigan’s Economic Plan is in Place Our plan aligns perfectly with President Obama’s goals:  Create jobs and diversify our economy  Educate and train our students and workers  Protect our citizens during tough times ARRA will accelerate our plan http://michigan.gov/recovery
  4. 4. How Will the Funds Come to Us?  Through existing programs  Competitive grants  Tax cuts Visit michigan.gov/recovery often for grant applications and the latest updates! http://michigan.gov/recovery
  5. 5. The Impact for Michigan  Total estimated benefit for Michigan: $18 billion  Funding available for existing programs: about $7 billion  Will create or save 109,000 jobs over the next two years What does the Recovery Act mean for me? http://michigan.gov/recovery
  6. 6. Protecting Families  $400 tax cut for workers earning less than $75,000 ($800 if filing jointly)  $5,656 credit (was $5,028) for families making up to 40,000/yr  $1,000 per-child tax credit for families making more than $3,000/yr (minimum was $12,550)  $250 payment to seniors and people with disabilities  First-time Home Buyer Tax Credit increased from $7,500 to $8,000 http://michigan.gov/recovery
  7. 7. Helping Jobless Workers  Eligibility extended by up to 13 weeks (maximum of 72 weeks)  $25 per week increase in unemployment benefits  For a family of four making less than $40,000, about an additional $80 per month in Food Assistance (39,465 people rely on Food Assistance in greater Lansing) http://michigan.gov/recovery
  8. 8. Education & Training for Citizens  American Opportunity Tax Credit – up to $2,500 of college expenses will be tax deductible  Pell Grants – maximum award for low income students will increase from $4,850 to $5,350 this fall In addition…  No Worker Left Behind – Over 61,000 participants statewide since 2007 http://michigan.gov/recovery
  9. 9. Weatherization & Energy Conservation  Weatherization Assistance – a family of four making less than $44,000 can receive up to $6,500 for upgrades that save money on energy  $7.8 million in greater Lansing; 1,150 homes  Energy Efficient Improvement Tax Credits – will triple maximum credit from $500 to $1,500 http://michigan.gov/recovery
  10. 10. Helping Schools  $2.2 billion statewide for:  Special education  Programs for at-risk students  Mitigating budget cuts  $20 million for Head Start http://michigan.gov/recovery
  11. 11. Providing Health Care  Pays for 65% of continued health coverage for citizens who have lost their jobs (COBRA)  Significant Medicaid funding boost (42,908 now enrolled in Ingham County)  $1.3 million for the Ingham County Health Department – serving 4,766 people and creating 52 jobs http://michigan.gov/recovery
  12. 12. Protecting Home Ownership  Home Affordable Refinance Program  Provides access to low-cost refinancing for homeowners suffering from falling home prices  For homeowners with Freddie Mae or Freddie Mac loans  Must be current on mortgage payments  Home Affordable Modification Program  Can reduce mortgage payments to make them more affordable  For mortgages up to $729,750  Incentive for homeowners to stay current  Incentives to help servicers to take alternatives to foreclosure Find out more at makinghomeaffordable.com http://michigan.gov/recovery
  13. 13. Strengthening Neighborhoods Neighborhood Stabilization Program  $5.4 million for will fund purchase, rehab or demolition of 153 properties in the City of Lansing  New City of Lansing Neighborhood Empowerment Center at the former Michigan School for the Blind  Will provide help with home repairs and home ownership counseling  Head Start programs  Will be a “green” building http://michigan.gov/recovery
  14. 14. Investing in Public Safety  Michigan law enforcement agencies are eligible for $67 million to fight crime  Ingham County - $58,738  Lansing City - $652,828  East Lansing - $91,967  Lansing Township - $15,607  Meridian Township - $32,893  Michigan Army National Guard facility improvements - $7.85 million  Lansing Reserve Forces Support Center and Joint Forces Headquarters - $1.8 million for energy efficiency upgrades http://michigan.gov/recovery
  15. 15. Roads & Infrastructure For the Lansing area:  $54.9 million for ARRA-funded road projects; about 1,525 jobs  $48.5 million for reconstruction/resurface work on I-96 (1,347 jobs)  $19.4 million for other state-funded road projects; about 539 jobs  $3.1 million to resurface M-43 (Saginaw Av.) in Lansing  $5.7 million for US-127 resurfacing  $7.1 million for public transit http://michigan.gov/recovery
  16. 16. On the Web…  White House Recovery Portal: http://recovery.gov  State of Michigan Recovery Portal: http://michigan.gov/recovery  Michigan Community Service Commission: http://michigan.gov/mcsc  Capital Area United Way: http://volunteermidmichigan.org http://michigan.gov/recovery

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