A Recovery Update for Michigan’s CitizensGovernor Jennifer M. Granholm
http://michigan.gov/recovery
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
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
How Will the Funds Come to Us?
Through existing programs
Competitive grants
Tax cutsVisit michigan.gov/recovery often for grant applications and the latest updates!
http://michigan.gov/recovery
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
Protecting Families
$400 tax cut for workersearning 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
Helping Jobless Workers
Eligibility extended by up to 13 weeks (maximum of 72 weeks)
$25 per week increase in unemployment benefits
For a family of four making less than $40,000, about an additional $80 per month in Food Assistance (39,465 people rely on Food Assistance in greater Lansing)
http://michigan.gov/recovery
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
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 $7.8 million in greater Lansing; 1,150
homes
Energy Efficient Improvement Tax Credits – will triple maximum credit from $500 to $1,500
http://michigan.gov/recovery
Helping Schools
$2.2 billion statewide for: Special education Programs for at-risk students Mitigating budget cuts
$20 million for Head Start
http://michigan.gov/recovery
Providing Health Care
Pays for 65% of continued health coverage for citizens who have lost their jobs (COBRA)
Significant Medicaid funding boost (42,908 now enrolled in Ingham County)
$1.3 million for the Ingham County Health Department – serving 4,766 people and creating 52 jobs
http://michigan.gov/recovery
Protecting Home Ownership Home Affordable Refinance Program
Provides access to low-cost refinancing forhomeowners suffering from falling home prices
For homeowners with Freddie Mae orFreddie Mac loans
Must be current on mortgage payments Home Affordable Modification Program
Can reduce mortgage payments to make them more affordable
For mortgages up to $729,750 Incentive for homeowners to stay current Incentives to help servicers to take alternatives to
foreclosure
Find out more at makinghomeaffordable.com
http://michigan.gov/recovery
Strengthening Neighborhoods
Neighborhood Stabilization Program $5.4 million for will fund purchase, rehab or
demolition of 153 properties in the City of Lansing
New City of Lansing Neighborhood Empowerment Center at the former Michigan School for the Blind Will provide help with home repairs and home
ownership counseling Head Start programs Will be a “green” building
http://michigan.gov/recovery
Investing in Public Safety Michigan law enforcement agencies are eligible for $67
million to fight crime Ingham County - $58,738 Lansing City - $652,828 East Lansing - $91,967 Lansing Township - $15,607 Meridian Township - $32,893
Michigan Army National Guard facility improvements - $7.85 million Lansing Reserve Forces Support Center and Joint Forces
Headquarters - $1.8 million for energy efficiency upgrades
http://michigan.gov/recovery
Roads & InfrastructureFor the Lansing area: $54.9 million for ARRA-funded road projects; about
1,525 jobs $48.5 million for reconstruction/resurface work on
I-96 (1,347 jobs)
$19.4 million for other state-fundedroad projects; about 539 jobs $3.1 million to resurface M-43
(Saginaw Av.) in Lansing $5.7 million for US-127
resurfacing
$7.1 million for public transit
http://michigan.gov/recovery
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
Capital Area United Way:http://volunteermidmichigan.org
http://michigan.gov/recovery