When comparing the second quarter to first quarter of the American Recovery and Reinvestment Act, job growth in Florida from the stimulus funding dropped 1.6 percent as the spending in the state comes to an end, reveals a report by the Collins Center for Public Policy.
Florida received a total of $22.8 billion of the projected $24.6 billion amount distributed during the stimulus program passed by Congress in 2009.
"Some of the big education grants are winding down," says Don Winstead, a Tallahassee , Fla., consultant and the state's former stimulus czar. "I expect the job numbers to decline from here on out."
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The report laso finds that once the ARRA expenditures wrap up, Florida is believed to have received a total of $24.569 billion over the program's entirety. As of June 30, 2011, Florida ARRA recipients pocketed $22.8 billion and spent $19.2 billion.
The government estimates the amount of Florida education jobs saved or created because of stimulus spending from 2009 until June 30, 2011, is 48,400, the report states. In the second quarter of 2011, the number of full-time jobs saved or created fell by 1.6 percent, compared to the first quarter as some contracts or grants were fulfilled or neared completion.
According to the report, among the contracts given by federal agencies and grants awarded to or through state agencies, approximately three-quarters of those funds have been used. Expenditures of grants, loans and contracts slightly grew over $1 billion during the second quarter of 2011 from the first quarter. Expenditures of funds for entitlement programs and other mandatory funds rose by approximately $744 million in the second quarter of 2011 from the first quarter.
"Our hope is that the information provided in this space will prompt questions and discussions about allocation and spending decisions that affect the state's health and wealth," says Dr. Leda Perez, a Collins Center vice president. "Citizen participation in this process can help to ensure a more transparent and accountable government."
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