http://michigan.gov/recovery

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

Helping 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

First $2,400 in benefits now exempt from income tax

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

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

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

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

Roads & InfrastructureFor 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-fundedroad projects; up to 3,390 jobs $60.7 million to rebuild

I-675 this summer (1,690 jobs)

http://michigan.gov/recovery

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

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 Countyhttp://www.unitedwaysaginaw.org/

http://michigan.gov/recovery