Recovery Act Report: Quarter 3, 2011
ABOUT THIS REPORT
This report summarizes information submitted by organizations and entities in Florida related to funds provided by the American Recovery and Reinvestment Act (Recovery Act) from its inception on February 17, 2009, through the third quarter of 2011, which ended September 30, 2011. The information was compiled by Don Winstead, formerly the special adviser to Gov. Charlie Crist for implementation of the Recovery Act in Florida. He now operates the Tallahassee firm Don Winstead Consulting LLC and is producing these quarterly reports for the Collins Center for Public Policy. While these reports are based on procedures and protocols developed while Mr. Winstead served as special adviser to the governor, this is not a government report and is being provided as a service to the people of Florida.
This report, and the data tables, reflect the final data reported as of December 14, 2011.
OVERVIEW
- By the time the Recovery Act expenditures are complete, Florida is expected to receive a total of $24.65 billion over the life of the program.
- As of September 30, 2011, Florida ARRA recipients had been awarded $23.3 billion.
- As of September 30, 2011, Florida ARRA recipients had spent $20.1 billion.
- About 78 percent of the funds awarded to state agencies through contracts and grants have been spent.
- About 60 percent of the funds awarded directly to cities, counties or other sub-state organizations have been spent.
- The number of education jobs saved or created in Florida as result of stimulus spending in the quarter ending September 30, 2011, is estimated at 40,860. They run the gamut from teachers to counselors to support staff. This is a decline of 16 percent from the previous quarter as education grants reach their end.
Highlights for the Quarter
- The number of full-time jobs (FTEs) saved or created in Florida with stimulus money, as calculated by the government, declined by 15 percent (a decrease of 9,121 jobs) compared with the previous quarter as an increasing number of contracts or grants reached or neared completion.
- The change in the overall employment impact is not known because the Council of Economic Advisers has not published the quarterly report required by federal law.
- Expenditures of grants, loans and contracts increased by slightly over $548 million during the third quarter of 2011 when compared with the previous quarter. This is about half the expenditure increase of the previous quarter.
- Expenditures of funds for entitlement programs and other mandatory funds increased by about $326 million in the third quarter of 2011 when compared with the previous quarter. Over $200 million of this amount was in the SNAP (Food Stamp) program.
