ALABAMA
stimulus.alabama.gov
As of October 13, 2009:
| Agency Reported Data: | | Rank: |
| Funds Announced | $3,395,656,093 | 26 |
| Funds Available | $3,265,718,406 | 22 |
| Funds Paid Out | $984,909,847 | 29 |
| | | |
| Recipient Reported Data: | | Rank: |
| Number of Awards | 75 | 29 |
| Funds Awarded | $178,584,902 | 23 |
| Funds Awarded Per Capita | $38 | 22 |
| Funds Received | $14,823,533 | 33 |
| Jobs Created / Saved | 355 | 27 |
| Unemployment Rate | 10.7 | 41 |
Notes: All Rankings are from Highest to Lowest. For example, A ranking of 15 for Funds Announced, means that the state had the 15th highest amount of funds announced. A ranking of 15 for unemployment rate means that this state has the 15th highest unemployment rate.
Terms defined by recovery.gov:
- Recipient Reported Data: These data are based on data submitted by federal contract recipients to FederalReporting.gov between Oct. 1 and Oct. 10, 2009. On Oct. 30, 2009, the final recipient federal contract data and the final data on grants and loans will be available. It is collected and updated quarterly.
- Agency Reported Data: These data com are based on weekly Financial and Activity Reports filed by federal agencies receiving Recovery Act Funds.
- Funds Announced: Funds that have been publicly announced as available to entities outside of the federal government. Not all available funds are announced publicly. For example, the funds going to a project started prior to the Recovery Act that are commingled with the project’s Recovery funds will not be announced publicly before being made available to a recipient). The Funds Announced figure should not be viewed as the total funding that an agency has made available.
- Funds Available (Obligation): The term used to describe when an agency informs the public of the release of money to recipients either immediately or in the future.
- Funds Awarded: This is the amount of contracts dollars that will be made available to recipients.
- Funds Paid Out: Funds that have been released from a federal agency to a recipient.
- Funds Received: The amount of money each recipient received from a federal award.
Recent Updates
October 14, 2009
Alabama Gov. Bob Riley announced on Monday, October 12, that the state met the federal deadline for reporting stimulus data. Using formulas developed by federal officials, the state estimates that stimulus spending created or retained 4505 jobs in Alabama. The state was already providing a monthly summary of spending and job impact on its state recovery website, so the overview of the data due the federal government was available immediately.
Cumulative spending of ARRA funds has topped $531 million, a little more than half the funds already awarded. The top three areas for stimulus spending in Alabama are increased federal matching for Medicaid, increased spending for food assistance (SNAP, formerly called food stamps) and an interest free loan for trust fund deficit reduction.
Alabama, like 20 other states, has had to borrow money to keep its unemployment trust fund solvent. Interest will not be due the federal government until 2011 due to ARRA language. Without the cash infusion, the state would not be able to write unemployment checks in October, even though Alabama has the second lowest benefit level in the country. Taxes to employers are expected to rise to their statutory maximum in 2010.
The Birmingham News reported that except for stimulus funded transportation projects, all new road projects in the state have stopped, pending some movement in Congress to pass a transportation bill.
Federal stimulus funds are also helping strapped school systems. In early October, schools received the news of a 7.5 percent across the board cut on top of 11 percent cuts last year. Systems are using reserve funds and federal stimulus funds to blunt the budget damage.
Alabama has launched its stimulus website, stimulus.alabama.gov, which details the nearly $3 billion available to Alabama through direct stimulus and grants. The website focuses on the key areas impacted by the stimulus, such as: Local Government, Business, Education & Research, Non-Profits, and Individuals. Each page details the spending and stimulus allocations by category and is updated as new projects are approved.
Alabama’s position of the federal stimulus package is just over $3 billion and includes:
The impact on the state’s economy is expected to be as high as $7 billion.
Previous Updates: