2. A Recovery Update for Michigan’s Citizens
Governor Jennifer M. Granholm
3. The American Recovery and
Reinvestment Act (ARRA) of 2009
President Obama signs
ARRA on February
17, 2009
The largest investment
increase in America’s
roads, bridges and mass transit in 50 years
The most significant expansion in tax cuts for
low- and moderate income households ever
http://michigan.gov/recovery
4. Michigan’s Economic Plan
is in Place
Our plan aligns perfectly
with President Obama’s
goals:
Create jobs and
diversify our economy
Educate and train our
students and workers
Protect our citizens
during tough times
ARRA will accelerate our plan
http://michigan.gov/recovery
5. How Will the Funds Come to Us?
Through existing
programs
Competitive
grants
Tax cuts
Visit michigan.gov/recovery often for
grant applications and the latest
updates!
http://michigan.gov/recovery
6. The Impact for Michigan
Total estimated
benefit for
Michigan: $18 billion
Funding available for
existing programs:
about $7 billion
Will create or save
109,000 jobs over
the next two years
What does the Recovery Act mean for me?
http://michigan.gov/recovery
7. Helping Families
$400 tax cut for workers
earning less than $75,000
($800 if filing jointly)
$5,656 credit (was $5,028) for
families making up to 40,000/yr
$1,000 per-child tax credit
for families making more than
$3,000/yr (minimum was $12,550)
$250 payment to seniors and people with
disabilities
First-time Home Buyer Tax Credit increased
from $7,500 to $8,000
http://michigan.gov/recovery
8. Helping Jobless Workers
Eligibility extended by up to 13 weeks
(maximum of 72 weeks)
$25 per week increase in
unemployment benefits
First $2,400 in benefits now exempt
from income tax
http://michigan.gov/recovery
9. Education & Training for Citizens
American Opportunity Tax Credit –
up to $2,500 of college expenses will be
tax deductible
Pell Grants – maximum award for low
income students will increase from
$4,850 to $5,350 this fall
In addition…
No Worker Left Behind – Over 61,000
participants statewide since 2007
http://michigan.gov/recovery
10. Protecting Health Care
Pays for 65% of continued
health coverage for citizens
who have lost their jobs
(COBRA)
Medicaid - significant
funding boost (43,141 now
enrolled in Saginaw County)
Michigan has received over
$9 million for health clinics
http://michigan.gov/recovery
11. Helping Citizens Most in Need
Homelessness Prevention - $50 million in
new funding, helping more than 11,000
families statewide
Food Stamp Benefits – about an additional
$80 per month for a family of four (about
38,000 people in Saginaw County)
Women, Infants and Children – added
funding
Emergency Food Assistance – increased aid
to food banks, soup kitchens, food pantries
and other local relief agencies
http://michigan.gov/recovery
12. Weatherization & Energy
Conservation
Weatherization Assistance – a family
of four making less than $44,000 can
receive up to $6,500 for upgrades that
save money on energy (up to 800
homes in Saginaw County)
$5.5 million in Saginaw
Energy Efficient Improvement Tax
Credits – will triple maximum credit
from $500 to $1,500
http://michigan.gov/recovery
13. Roads & Infrastructure
For the Tri-Cities area:
$55 million for ARRA-funded road projects;
up to 1,523 jobs
Saved City of Saginaw $1.8 million for M-13
reconstruction
Total $122 million for state-funded
road projects; up to
3,390 jobs
$60.7 million to rebuild
I-675 this summer
(1,690 jobs)
http://michigan.gov/recovery
14. Investing in Public Safety
Michigan law enforcement agencies are eligible
for $67 million to fight crime
City of Saginaw: $842,803
Saginaw County: $57,731
Buena Vista Twp: $75,352
Saginaw Twp: $42,627
City of Saginaw will receive $1.6 million for
neighborhood stabilization/property demolitions
150 properties in Saginaw demolished during
2007 and 2008
http://michigan.gov/recovery
15. On the Web…
White House Recovery Portal:
http://recovery.gov
State of Michigan Recovery Portal:
http://michigan.gov/recovery
Michigan Community Service
Commission:
http://michigan.gov/mcsc
United Way of Saginaw County
http://www.unitedwaysaginaw.org/
http://michigan.gov/recovery