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

3. http://michigan.gov/recovery 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

4. http://michigan.gov/recovery 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

5. http://michigan.gov/recovery 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!

6. http://michigan.gov/recovery 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?

7. http://michigan.gov/recovery Helping 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

8. http://michigan.gov/recovery Helping Jobless Workers  Eligibility extended by up to 13 weeks (maximum of 72 weeks)  $25 per week increase in unemployment benefits  First $2,400 in benefits now exempt from income tax

9. http://michigan.gov/recovery 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

10. http://michigan.gov/recovery Protecting Health Care  Pays for 65% of continued health coverage for citizens who have lost their jobs (COBRA)  Medicaid - significant funding boost (43,141 now enrolled in Saginaw County)  Michigan has received over $9 million for health clinics

11. http://michigan.gov/recovery Helping Citizens Most in Need  Homelessness Prevention - $50 million in new funding, helping more than 11,000 families statewide  Food Stamp Benefits – about an additional $80 per month for a family of four (about 38,000 people in Saginaw County)  Women, Infants and Children – added funding  Emergency Food Assistance – increased aid to food banks, soup kitchens, food pantries and other local relief agencies

12. http://michigan.gov/recovery 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 (up to 800 homes in Saginaw County)  $5.5 million in Saginaw  Energy Efficient Improvement Tax Credits – will triple maximum credit from $500 to $1,500

13. http://michigan.gov/recovery Roads & Infrastructure For the Tri-Cities area:  $55 million for ARRA-funded road projects; up to 1,523 jobs  Saved City of Saginaw $1.8 million for M-13 reconstruction  Total $122 million for state-funded road projects; up to 3,390 jobs  $60.7 million to rebuild I-675 this summer (1,690 jobs)

14. http://michigan.gov/recovery Investing in Public Safety  Michigan law enforcement agencies are eligible for $67 million to fight crime  City of Saginaw: $842,803  Saginaw County: $57,731  Buena Vista Twp: $75,352  Saginaw Twp: $42,627  City of Saginaw will receive $1.6 million for neighborhood stabilization/property demolitions  150 properties in Saginaw demolished during 2007 and 2008

15. http://michigan.gov/recovery On the Web…  White House Recovery Portal: http://recovery.gov http://recovery.gov  State of Michigan Recovery Portal: http://michigan.gov/recovery http://michigan.gov/recovery  Michigan Community Service Commission: http://michigan.gov/mcsc http://michigan.gov/mcsc  United Way of Saginaw County http://www.unitedwaysaginaw.org/ http://www.unitedwaysaginaw.org/