A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm.

Slides:



Advertisements
Similar presentations
Saint Alphonsus Medical Group Strategic Assessment and Creative Recommendations November 30, 2010 Right for Idaho: Medicaid Transformation & Expansion.
Advertisements

American Recovery and Reinvestment Act of 2009 An Overview for our Communities Compiled by: Building Opportunities for Self-Sufficiency.
Budget Blueprint Part I: Introduction Budget Blueprint Introduction After a decade of two massive economic crises, California’s Budget.
Funding Opportunities Federal Home Loan Bank of Indianapolis.
JOINT LEGISLATIVE AUDIT COMMITTEE HEARING SENATE BUDGET and FISCAL REVIEW COMMITTEE Delivering Energy Savings for California AMERICAN RECOVERY & Karen.
DRAFT 11 Filename/RPS Number Office of the Chief Economist Post-Secondary Education of Latinos and Policy Initiatives Dr. Adriana Kugler Chief Economist,
U.S. Department of Labor Assistant Secretary William E. Spriggs Office of Policy July 25, NAACP Convention: Labor Workshop Labor Market Outlook.
What are you paying for?. Social Security Created in 1935 by President Franklin Roosevelt Program created to provide for the elderly an disabled retirees.
Revisiting Work Opportunity: From Tax Credits to Subsidized Jobs Big Ideas for Job Creation in a Jobless Recovery June 16, 2011 Elizabeth.
Office of Infrastructure Investment 1 Jeffrey A. Simon Director of Infrastructure Investment.
G1 © Family Economics & Financial Education – Revised April 2011 – Receiving Unit – Receiving Income from Government Programs – Slide 1 Funded by.
Eere.energy.gov Rebuild Hawaii Consortium – 3/5/2012 Peter Ashley DOE / EERE Presentation.
YOUR WORLD. YOUR CHANCE TO MAKE IT BETTER.
PROPERTY RECORDS EDUCATION PARTNERS FEBRUARY 9, 2012 Foreclosure Mitigation.
Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan July, 2009.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 29, 2009.
Truth or Consequences Gilda Z. Jacobs Western Michigan University March 21, 2013.
The Recovery Act in Michigan June Michigan Recovery and Reinvestment Plan 2 The American Recovery and Reinvestment.
 No precise legal meaning for “family”  Different interpretations for zoning, insurance, Social Security, inheritance, etc  Class definition:
The Stimulus How to Spend $787,000,000,000? Copyright 2009 VIAforward1.
American Recovery and Reinvestment Act Overview Local Government Officials April 8, 2009.
Facts on the Economy and the President’s Budget John S. Irons, Ph.D. February 25, 2005.
Tackling Poverty. You need to know about what is happening to tackle poverty. This is the responsibility of: 1.Central Government (London) 2.The Scottish.
Topics ACA (Affordable Care Act ) Free Tax Preparation Super Storm Sandy Recovery Assistance.
FY 10 Budget Balancing Plan and the Impact of the American Recovery and Reinvestment Act Mary Lassiter State Budget Director June 4, 2009.
Budget Forum Charles W. Sorensen Chancellor University of Wisconsin -Stout.
The American Recovery and Reinvestment Act of 2009 presentation to March 13, 2009.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 17, 2009.
Future of AT Reutilization National Conference on Reuse Deborah Buck, Executive Director September 16, 2009.
Social and Domestic Policy Business Consumer Protection Labor Agriculture Environment Public Assistance Education Housing.
Obama Administration Prenatal to Five Child Development Commitments Robert H. Dugger Managing Director Tudor Investment Corporation Invest in Kids Working.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 22, 2009.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 16, 2009.
Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan August 2009.
An America Built to Last Martha Kanter, Under Secretary Illinois Board of Higher Education February 5, 2013.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 15, 2009.
Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan SMACNA Metropolitan Detroit Chapter November 2009.
Michigan’s Energy Future Today Liesl Eichler Clark Deputy Director, Department of Energy, Labor & Economic Growth Green Today, Jobs Tomorrow Conference.
Bridging the Gap Training Series, 2010 Hillary Lazar, Benefits Outreach Coordinator, NHSA Supporting Employees and Strengthening Workplaces The Whys and.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 24, 2009.
American Recovery and Reinvestment Act of “ARRA” August 18, 2009.
YOUR WORLD. YOUR CHANCE TO MAKE IT BETTER.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm.
The Economy and Budget: Minnesota and the Nation Legislative Conference February 10, 2010 Scott Pattison Executive Director National Association of State.
Poverty Programs. NEW DEAL REFORMS Created during the Depression President Franklin D. Roosevelt.
Implementing the Recovery Act: Getting Texas Its Moneys’ Worth.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm.
Taxes and Social Security. Understanding Taxes  Taxes are a form of payment to the government to support government services.  There are three types.
Chapter 3 Section 4.
Dennis & Patten Participation in Government Mepham High School Health Care Reform in America.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 13, 2009.
What Is It, Anyway? Virginia Association of Housing and Community Development Officials February 25, 2008.
The American Recovery and Reinvestment Act and Texas Budget Issues, November 18, 2010 Eva DeLuna Castro, Budget Analyst
A Recovery Act Update for Michigan Nonprofits Leslee Fritz, Director MI Economic Recovery Office April 14, 2009.
Molly Corbett Broad, President February 20, 2009 The Federal Government and Higher Education: A Partnership for Economic Renewal American Association of.
Mike Morrow | September 17, Recipients of ARRA funds are required to:  Implement programs rapidly to put funds to work as quickly as possible 
Earning an Income Review. A purposeful course of action or purpose in life that generally provides income.
© 2001 by Prentice Hall, Inc. ECONOMICS: PRINCIPLES IN ACTION C H A P T E R 3 AMERICAN FREE ENTERPRISE.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm May 14, 2009.
President’s FY2017 Budget Request February 12, 2016.
123 Go To Section: Current Federal Taxes Chapter 16, Section Individual Income Tax Individual income taxes regularly provide the largest source.
Economy (Jobs, Workers, and Taxes) Economics- of or relating to the production, development, and management of material wealth, as of a country, household,
Making Sense of the Federal Budget Eugene, Oregon, March 12, 2016 Peace Action Education Fund National Priorities Project Supported by the Colombe Foundation.
HOUSING TRUST FUND Housing Trust Fund (HTF) provides funds to create and preserve affordable housing for low- income and persons with special needs. HTF.
American Recovery and Reinvestment Act EmPOWERing Marylanders Walt Auburn, Director of Energy Efficiency Maryland Energy Administration March 18, 2009.
17 Making Social Policy. Video: The Big Picture 17 IA_1/polisci/presidency/Magleby_Ch17_Making_Social_Poli.
CHRISTIANNE LIND THE FINANCE PROJECT Washington Area Women’s Foundation Stimulus Forum July 22, 2009 ARRA Funding for Asset Building.
Minnesota Housing Responds to Growing Housing Needs
Learning from History in Economic Crisis
Family Crisis and How to Help
Presentation transcript:

A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm

Michigan Recovery and Reinvestment Plan 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

Michigan Recovery and Reinvestment Plan 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

Michigan Recovery and Reinvestment Plan 4 Visit michigan.gov/recovery often for grant applications and the latest updates! Through existing programs Competitive grants Tax cuts How Will the Funds Come to Us?

Michigan Recovery and Reinvestment Plan 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?

Michigan Recovery and Reinvestment Plan 6 Protecting Families $400 tax cut for workers earning less than $75,000 ($800 if filing jointly) $5,657 Earned Income Tax credit (was $5,028) for families of 3 or more children 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

Michigan Recovery and Reinvestment Plan 7 Helping Jobless Workers Unemployment eligibility extended by up to 13 weeks (maximum of 72 weeks) $25 per week increase in unemployment benefits Increase in Food Assistance - for example, about $80 more per month for a family of four making less than $40,000 –More than 82,000 people receive Food Assistance in Macomb County

Michigan Recovery and Reinvestment Plan 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

Michigan Recovery and Reinvestment Plan 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 –$8.1 million in Macomb County; 1,166 homes through 2012 Energy Efficient Improvement Tax Credits – will triple maximum credit from $500 to $1,500

Michigan Recovery and Reinvestment Plan 10 Helping Schools $2.2 billion statewide for: –Special education –Programs for at-risk students –Mitigating budget cuts $20 million for Head Start

Michigan Recovery and Reinvestment Plan 11 Providing Health Care Pays for 65% of continued health coverage for citizens who have lost their jobs (COBRA) Significant Medicaid funding boost (100,870 now enrolled in Macomb County)

Michigan Recovery and Reinvestment Plan 12 Protecting Homeownership Home Affordable Refinance Program –Provides access to low-cost refinancing –For homeowners with Freddie Mae or Freddie Mac loans whose home values have dropped –Homeowners 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 Find out more at michigan.gov/mshda or michigan.gov/mshda

Michigan Recovery and Reinvestment Plan 13 Investing in Public Safety Michigan law enforcement agencies are eligible for $67 million to fight crime –Macomb County - $213,973 –City of Warren - $427,611 –City of Sterling Heights - $139,628 –City of Eastpointe – 116,972 –Clinton Township - $167,151 U.S. Army Detroit Arsenal (Warren): $3.9 million for restoration and modernization

Michigan Recovery and Reinvestment Plan 14 Roads & Infrastructure For Macomb County: $25.8 million for ARRA-funded road projects; about 717 jobs –$15 million for slope restoration and barrier $26.6 million for other state-funded road projects; about 740 jobs –$17.8 million for resurfacing $20.2 million for SMART public transit

Michigan Recovery and Reinvestment Plan 15 On the Web… White House Recovery Portal: State of Michigan Recovery Portal: Michigan Community Service Commission: United Way for Southeast Michigan: - or call 211