Thursday, May 28, 2009

Rarified ARRA

I apologize for the painful headline. Missouri joined only a handful of states this week, however, in an extremely important category.

The American Recovery and Reinvestment Act (ARRA), also known as the federal stimulus bill, required states to "obligate" 50 percent of discretionary transportation funds by June 30, 2009. MoDOT beat that goal by five weeks!

Meeting the requirement is important because states that don't could lose some of their stimulus money. Those funds could then be redistributed to states who have met the deadline ... like us here in the Show-Me State. That would mean more road, bridge and other transportation improvements throughout Missouri increasing safety and supporting jobs.

Speaking of jobs, that is what ARRA is all about. MoDOT started construction on the first stimulus project in the nation within minutes of President Obama signing the Recovery Act. We wanted to show that additional investment in transportation infrastructure would indeed mean jobs. To date MoDOT stimulus projects have supported 4,970 jobs here in Missouri.

For you policy wonks, here is the full news release and our ARRA Web site .

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