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Tuesday, October 20, 2009

How is New Hampshire spending the Stimulus?

New Hampshire Stimulus Coordinator Bud Fitch is briefing the Fiscal Committee on the updated status of the American Recovery and Reinvestment Act. Fitch presented a just completed report on how New Hampshire has spent the federal government's money.

The report finds that stimulus funds created or preserved 3,007 full-time equivilent jobs across the state, as of September 30, 2009. Fitch says that this number will actually drop when the next report is due in January.

The report calculates that New Hampshire has accepted just over $400 million in stimulus funding so far, but federal statistics indicate that over $965 million has been made available. Fitch says that some funds have not yet been accepted by the Fiscal Committee or Executive Council, and some has been awarded but not yet spent. Fitch estimates that the total amount of federal money flowing to the Granite State will eventually top $1.3 billion.

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