Implementing the Recovery Act: Getting Texas Its Moneys’ Worth

• How did we get here?

• Where is “here”?

• What’s next?

2008/2009

• September 15, 2008: Collapse of Lehman Brothers

• October 3, 2008: Troubled Assets Relief Program

• January 28, 2009: Houses passes ARRA

• February 10, 2009: Senate passes ARRA

• February 17, 2009: President Obama signs ARRA into law

• July 1, 2009: Cash for Clunkers program begins

• November 6, 2009: Unemployment rate hits 10 percent nationwide

House: Senate:$820 billion $838 billion

American Recovery and Reinvestment Act

$787 billion

American Recovery And Reinvestment Act

$224 BillionIn Direct Aid to

Individuals

$275 BillionIn Contracts,

Grants, and Loans

$288 BillionIn Tax Relief

Where are we now?

• State Budget

+ $3,167343,693

$15,226,131,308

Where are we now?

• State Budget

• Jobs

Source: Recovery.gov

Where are we now?

• State Budget

• Jobs

• Programs

Criminal Justice/Public Safety

• Victim Assistance/Victim Compensation

• Domestic Violence

• Internet Crimes Against Children

• Violence Against Women

• Disaster Preparation

• Firefighting

Criminal Justice/Public Safety

• Law Enforcement: $213 million– Governor: $91 million– Cities: $87 million

• Hundreds of officers for the next three years

– Counties:$5.6 million

Education

• Teacher Bonuses • Textbooks • Pell Grants & Work-Study • And much more…

• $7.1 billion total

What’s Next?

• Better Data

• Assessment

• New Stimulus?

• Focus on Issue Areas