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Recovery Act Report: Quarter 2, 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 Feb. 17, 2009, through the second quarter of 2011, which ended June 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.

OVERVIEW

  • By the time the Recovery Act expenditures are complete, Florida is expected to receive a total of $24.569 billion over the life of the program.
  • As of June 30, 2011, Florida ARRA recipients had been awarded $22.8 billion.
  • As of June 30, 2011, Florida ARRA recipients had spent $19.2 billion.
  • About three-quarters of the funds awarded to state agencies through contracts and grants have been spent.
  • Slightly over half 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 from 2009 until June 30, 2011, is estimated by the government at 48,400. They run the gamut from teachers to counselors to support staff.

Highlights for the Quarter

  • The number of full-time jobs (FTEs) saved or created in Florida with stimulus money declined by 1.6 percent (a decrease of 973 jobs) compared with the previous quarter as some contracts or grants reached or neared completion.
  • Expenditures of grants, loans and contracts increased by slightly over $1 billion during the second quarter of 2011 when compared with the previous quarter, with most of this in expenditures reported by state agencies.
  • Expenditures of funds for entitlement programs and other mandatory funds increased by about $744 million in the second quarter of 2011 when compared with the previous quarter.

Definitions

Stimulus money is allocated through two divisions and the job estimates associated with stimulus funding are based on government formulas. For an explanation of the two divisions and of the jobs estimating formulas, Click here.