FEBRUARY 17, 2010
On First Anniversary of ARRA Funding, Governor Paterson Announces New York Spending Ahead of Federal Deadlines
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On the first anniversary of the allocation of American Recovery and Reinvestment Act (ARRA) funding, Governor David A. Paterson announced that New York State is on track to designate and contract all stimulus funds already awarded to New York. The Governor issued a report prepared by the New York State Economic Recovery and Reinvestment Cabinet highlighting the State's progress, which demonstrates that all State agencies are ahead of federal deadlines.
"I am proud to report that all State agencies are on or ahead of schedule in spending stimulus funds. In addition, New York has instituted several layers of oversight to ensure that stimulus funds are spent as Congress directed and to build our economy and create jobs," Governor Paterson said. "Because of weather conditions, many infrastructure projects must wait until the winter ends before construction can start. But those projects will be ready to begin as soon as weather permits."
As noted in the Cabinet's December 4 report, New York will receive at least $31 billion in ARRA funding. The sum includes:
Some of those funds were provided directly to local governments, individuals, universities, businesses and other organizations. The current report focuses on funds channeled through State agencies.
Highlights of the report include the following:
Aid to Individuals
Employment and Job Training
New York, which urged an allocation of ARRA funds for the Tax Credit Assistance Program, has used its $253 million to restart 47 stalled affordable housing projects with 4,527 units and total development costs of more than $1 billion. A federal Department of Housing and Urban Development report shows that New York has already disbursed more funds than any other state and expects to finance more affordable housing units than any other state. Currently, 26 of the 47 projects are under construction.
New York was unable to enter into contracts for its $394 million in Weatherization Assistance Program (WAP) funds until September because it had to wait for the U.S. Department of Labor to set Congressionally-required wage rates. Despite that delay, 79 contracts have been signed and almost $52 million expended.
"We are determined to ensure that New York meets all deadlines so that we do not lose any stimulus funds and are ready to take advantage should any states not meet their own deadlines. In addition, we are continuing to compete for additional funds for programs such as high speed rail, broadband and the competitive transportation funds," Governor Paterson said. "We have set up unprecedented oversight and transparency procedures to ensure the funds are spent appropriately, that any waste or fraud are identified promptly, and that citizens can see where the money is going."
Oversight and Transparency
All recipients of stimulus funds report quarterly to the federal Recovery Board on spending and job creation. The most recent reports were due January 15 for the period from September 1 through December 31, 2009, and applied new rules for reporting. State agencies reported 33,704 jobs were created for the quarter. Adding all other reports from all recipients in the State, including those reporting directly to the federal government, 42,842 jobs were created, according to www.recovery.ny.gov.
For more information on the Recovery Act, including lists of projects with specific award amounts, or to see how New York State has performed compared to the rest of the country, visit www.recovery.ny.gov.
For information on the Recovery Act in New York State, including detailed program descriptions and project maps, visit www.recovery.ny.gov.
The Office of the State Comptroller provides detailed information on agency spending for funds included in State appropriations at www.openbooknewyork.com. The website contains a search feature that can access State agency spending and contracts including what companies have received contracts. All data regarding spending is easily accessible and downloadable