After the exciting news of our FY 2009 and FY 2010 revenue projections, I was excited to hear about the anticipated stimulus numbers. Total stimulus for Utah = $1.5 Billion. Remember the Federal Government dictates where the money is to be spent; so I wonder if the legislature will be able to make some adjustments to get the most out of these funds. Rep. Wallis mentioned there may be certain strings attached to the money and they would like to review those before acting on the one-time funds.
I was only able to look at the numbers for a few seconds. But here are three highlights:
- Total = $1.5 Billion
- $213 Million for Roads and Bridges
- $89 Million for Food Stamps.
Will this stimulus really help? Hopefully for this year at least, however going into next year (FY 2010) with a shortfall of $235 Million will entities like higher education be ready for these cuts.
I welcome your opinions about the stimulus.
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