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Growing Economy

Tracking the recession: Stimulus holds states accountable

PSN on March 3, 2009 - 7:17pm
“State leaders face real change, as promised by President Obama. States will need to collect data from agencies, from contractors, from subcontractors, that they have never collected before,” said Nathan Newman, interim executive director of the Progressive States Network, a research group based in New York whose members include many state policymakers.

Stimulus Resources Update

Nathan Newman on February 26, 2009 - 2:01pm
We've added to the resources we detailed this past Monday, Implementing the Recovery Plan: A Resource Guide for State Legislators and Advocates

Overviews:  The Council on State Governments has created StateRecovery.org to identify opportunities for states to get federal assistance and track programs and efforts to implement the recovery plan in each state.

Implementing the Recovery Plan: A Resource Guide for State Legislators and Advocates

Recognizing the severity of the economic crisis our nation faces, President Obama this week signed the landmark American Recovery and Reinvestment Act, a plan aimed at "restoring or saving" 3.5 million jobs and investing in the long-term future of the American economy.  

Built into the plan is a recognition that, while the federal government will assist in funding the work, the implementation of the plan will rest mostly with the states.  This Dispatch provides facts, guidance and a collection of resources to state leaders and advocates on how to implement the recovery plan in a strategic manner that strengthens our states and honors our progressive values.

Recovery Deal Reached; State Aid Slashed Compared to House Bill

Nathan Newman on February 12, 2009 - 1:36pm
Negotiators between the Senate and House approved a deal late Wednesday night for a recovery package.  The good news is that the Senate agreed to a significant recovery package at all, since at one time the legislation faced the threat of a filibuster that would have blocked almost all stimulus spending approved in the original House bill.

While all details of the full compromise between the House and Senate have not been released, the best news for state governments facing deficits is:

Governor signs Oregon stimulus legislation

PSN on February 12, 2009 - 11:26am

Economic Recovery Plan will Cover Less Than Half of Projected State Deficits

Nathan Newman on January 29, 2009 - 1:35pm
While groups like the American Legislative Exchange Council (ALEC) have condemned federal help for state governments in the recovery package, most analysts recognize that state spending is going to be the most immediate stimulus available for reviving the national economy.

 

Unfortunately, as a new study by the Center on Budget and Policy Priorities details, while state deficits are projected to be $350 billion over the next 30 months, the House recovery plan just approved includes only about $150 to $155 billion that can be used to address those shortfalls, meaning that 55% to 60% of projected state deficits will remain.

Update on the Federal Recovery Package and the States

Adam Thompson on January 22, 2009 - 12:59pm
Progressive States highlighted a range of studies and analyses in last week's Dispatch on the importance of aid to the states as a centerpiece for economic recovery.  Many state leaders praised the House version of the package introduced last week.  Additional studies released this past week continue to reinforce the point that investments in the states are key to economic recovery: