2. Where is the full text of The American Recovery and Reinvestment Act of 2009?
Full text can be found at this website.
3. What types of programs will be funded?
- Create a framework for clean, efficient, American energy
- Transform our economy with science and technology
- Modernize roads, bridges, transit and waterways
- Overhaul education for the 21st century
- Dispense tax cuts to create jobs
- Expand access to health care and lower costs
- Provide assistance to workers hurt by the economy
- Save public sector jobs and protect vital services
4. How much money is available from the American Recovery and Reinvestment Act?
The total bill appropriates $789.5 billion nationwide. The state of North Carolina is expected to receive approximately $6.1 billion in direct aid to create jobs and to rebuild and expand the state's critical infrastructure. It also provides for targeted federal tax cuts, additional grants from federal agencies and direct funding to local government for specific federal programs in North Carolina.
5. How much of that money might Charlotte receive?
Charlotte anticipates receiving some stimulus directly from the Federal Government and additional funding through application for competitive grants for which the City is eligible. Presently, the City anticipates receiving at least $50 - 75 million in recovery funds for police, homeless assistance and community development, job training, weatherization assistance, energy programs, transit and transportation projects.
6. What potential sources of stimulus funding for Charlotte are listed on this website?
The online list represents what the City currently knows about funding and is updating as new information is received.
7. How will funds be dispersed?
Funding will come to various governments:
- State of North Carolina
- City of Charlotte
- Mecklenburg County
- Charlotte Mecklenburg School
- Centralina Council of Governments
8. What will the City do with the funds?
View the funding categories to see the various stimulus programs coming to Charlotte.
9. What accountability and transparency steps are required?
The Act includes extensive provisions to ensure that recipients spend funds in ways that are consistent with its purposes. Requirements include;
- Certifications by governors or local officials that infrastructure expenditures have been fully reviewed and are an appropriate use of tax dollars
- Public access to contract and grant information, including requests for proposals for competitive grant programs
- Provisions for federal oversight, reviews and audits, coordinated by a Recovery Act Accountability and Transparency Board
- Access by federal inspectors and the Recovery Act Accountability and Transparency Board to information needed to ensure accountability at the national level
States receiving funds are required to report the following to the federal government:
- How funds are being used
- Descriptions and status reports on stimulus-related projects
- Estimates of jobs saved or created by federal stimulus activities
- Estimates of tax increases averted because of federal stimulus funds
10. Where can I find information on stimulus tax incentives?
Most tax incentives in the Act are tied to the federal tax code. The Internal Revenue Service is your best source of information.
