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Summary of proposed projects for stimulus plan
Associated Press
Issue date: 2/17/09 Section: News
DENVER (AP) - A summary of proposed spending of Colorado's $2 billion share of the stimulus plan, according to the Colorado Fiscal Policy Institute, a public policy think tank:
- Colorado will receive roughly $760 million over the next two fiscal years to prevent cuts to existing programs and services, including education. Education grants amount to $622 million over the two years. The other $138 million in stabilization funding is for general purposes and can be spent on health care, human services and other programs.
- Medicaid assistance is the largest expenditure to Colorado in the package, providing an estimated $880 million over nine quarters retroactive to October 2008.
- Colorado will receive $16 million over the next two years to assist families who have lost their homes. This money can be distributed to homelessness prevention programs and emergency shelters.
- Colorado will get $24 million in Child Care and Development Block Grant Funds. These funds don't require a match and will help Colorado subsidize child care for low-income working families and low-income families with parents involved in job retraining or education.
- Colorado could receive $521 million over the next two years for infrastructure and transportation spending. Of that amount, $387 million will go to highway and bridge repair and construction. Another $122 million will be given to the state in Transit Capital Grants to begin new projects in public transportation, such as busing and rail programs.
- Colorado could gain as much as $31 million for the Clean Water State Revolving Fund, another $35 million for the Drinking Water State Revolving Fund, $99 million for weatherization projects and $48.3 million in the State Energy Program to support renewable energy and efficiency projects.
- Colorado will receive roughly $760 million over the next two fiscal years to prevent cuts to existing programs and services, including education. Education grants amount to $622 million over the two years. The other $138 million in stabilization funding is for general purposes and can be spent on health care, human services and other programs.
- Medicaid assistance is the largest expenditure to Colorado in the package, providing an estimated $880 million over nine quarters retroactive to October 2008.
- Colorado will receive $16 million over the next two years to assist families who have lost their homes. This money can be distributed to homelessness prevention programs and emergency shelters.
- Colorado will get $24 million in Child Care and Development Block Grant Funds. These funds don't require a match and will help Colorado subsidize child care for low-income working families and low-income families with parents involved in job retraining or education.
- Colorado could receive $521 million over the next two years for infrastructure and transportation spending. Of that amount, $387 million will go to highway and bridge repair and construction. Another $122 million will be given to the state in Transit Capital Grants to begin new projects in public transportation, such as busing and rail programs.
- Colorado could gain as much as $31 million for the Clean Water State Revolving Fund, another $35 million for the Drinking Water State Revolving Fund, $99 million for weatherization projects and $48.3 million in the State Energy Program to support renewable energy and efficiency projects.
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Sherry
posted 2/17/09 @ 5:05 PM MST
There could be no better investment in America than to invest in America becoming energy independent! We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources. (Continued…)
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