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Published byJoan Kelly Whitehead Modified over 9 years ago
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2009 GRA Annual Policy Conference July 27, 2009 Marcia Howard mhoward@ffis.org ARRA, the Federal Budget and the States Federal Funds Information for States www.ffis.orgwww.ffis.org
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Cost of enacted legislation = $787 billion Major Components: Formula aid to state and local governments (~ $250 billion) Aid to individuals through WIC, SNAP, extended UI, etc. Tax breaks and bond provisions Competitive grants to further administration priorities in areas of green jobs, technology (HIT, broadband), R&D Federal Funds Information for States www.ffis.org
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Increase in Medicaid matching rate (FMAP) ~ $82 billion All states are held harmless at their FY 2008 FMAP levels for FYs 2009, 2010 and the first quarter of 2011. All states receive a 6.2 percentage-point increase in their FMAPs. States receive a bonus FMAP addition depending on how much their unemployment rates have increased over a base level. Medicaid MOE eligibility provisions apply. First two provisions apply to Foster Care and Adoption. Federal Funds Information for States www.ffis.org
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State Fiscal Stabilization Fund General Government Purposes ~ $8.8 billion ▪ Cannot use funds for casinos, aquariums, zoos, golf courses or swimming pools; restoring or supplementing a “rainy day” fund; paying down past debt; financial assistance to students to attend private schools Education Stabilization Fund ~ $40 billion ▪ Advancing Education Reforms ▪ MOE Requirements ▪ Use of Funds Federal Funds Information for States www.ffis.org
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Capital Funding – Smaller share than anticipated Transportation ~ $47 billion State Certifications Highways – 50% of funds obligated by 6/30/2009 Transit – 50% of funds obligated by 9/1/2009 Education School construction; modernization, renovation or repair Federal Funds Information for States www.ffis.org
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Build America Bonds (New) - capital ▪ Tax Credits and Direct Payments, Economic Development ($10 billion cap) Education ▪ Qualified Zone Academy Bonds (repairing facility, providing equipment, developing course materials, and training teachers) ~ $1.4 billion cap ▪ Qualified School Construction (new) ~ $11 billion cap Energy ▪ Qualified Energy Conservation ~ $3.2 billion cap ▪ Clean Renewable Energy Bonds ~ $2.4 billion cap Federal Funds Information for States www.ffis.org
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Can states spend this much money quickly? Are targeted programs staffing up? Does capacity exist to make rapid capital investments of this magnitude? Can local school districts manage the infusion of federal funding? Federal Funds Information for States www.ffis.org
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What happens in FY 2011 and beyond? Balancing the state budget Downsizing an upsized staff Aid to local governments, schools Federal Funds Information for States www.ffis.org
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ARRA Reporting Requirements Administrative Costs Matching/MOE Requirements Information Management Measuring Success Increased Federal Oversight Federal Funds Information for States www.ffis.org
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