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USA Today recently reported on the many projects underway across the county as a result of federal stimulus money. Early results show funds are being directed toward “shovel-ready” projects such as road construction and maintenance of other infrastructure.
Stimulus Funds at Work- 4/2/2009
Congress has directed $300 billion to cities and states for use over the next two years in work on roads, bridges, healthcare projects and more.
USA Today reviewed more than 500 stimulus projects to uncover early spending patterns and selected 17 projects in 11 states for closer analysis. Spending for the 16 construction projects and one healthcare program will cost about $350 million.
The study found that all 16 construction projects will begin this spring or summer, and 14 of them would not have occurred this year without stimulus money. Stimulus money replaced existing funding sources for the two small projects that were planned anyway.
According to USA Today’s research, projects are being approved more quickly by state highway departments than by other segments. Most stimulus money, however—for education, energy efficiency, mass transit, police, etc.—has yet to be committed.
Read the full article here.