NYS to receive $31 billion in stimulus funds

New York will receive at least $31 billion in American Recovery and Reinvestment Act (ARRA) funds, part of $420 billion that will be appropriated to states and other recipients over the length of the federal stimulus program, according to a just-released report.  New York will also continue to apply for some of the $44 billion in additional funding available through competitive grants, which may increase the final allocation.

As determined by Congress, the stimulus funds awarded to New York are distributed through three categories:

Infrastructure: New York will receive $3 billion for infrastructure projects, including $2.4 billion for transportation and about $571 million for clean water, drinking water and wastewater projects.

Aid to States and Localities: New York will receive $16 billion to support the State and county governments and school districts, including $11.1 billion for Medicaid and about $4.8 billion for education.

Aid to Individuals: New York will receive $6.7 billion in payments to individuals, including $3.9 billion in increased unemployment insurance, $1.3 billion in increased food stamps, $845 million in increased Social Security and Supplemental Security Income payments and $653 million in increased Pell grants to college students.

The remaining $5 billion targets a variety of projects, including housing, job training, health, energy and public safety.

The full report is available at: http://www.recovery.ny.gov/assets/documents/StimCabReport120409.pdf.

A breakdown of the total stimulus funds is available at: http://recovery.ny.gov/DirectAid/aidnewyork.htm.