Community presentation given by Governor Granholm to discuss the American Recovery and Reinvestment Act and the impact it will have on Saginaw, MI.

2. A Recovery Update for Michigan’s Citizens
Governor Jennifer M. Granholm

3. 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

4. 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

5. How Will the Funds Come to Us?
 Through existing
programs
 Competitive
grants
 Tax cuts
Visit michigan.gov/recovery often for
grant applications and the latest
updates!
http://michigan.gov/recovery

6. 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

7. Helping Families
 $400 tax cut for workers
earning 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. Roads & Infrastructure
For 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-funded
road projects; up to
3,390 jobs
 $60.7 million to rebuild
I-675 this summer
(1,690 jobs)
http://michigan.gov/recovery

14. 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

15. 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 County
http://www.unitedwaysaginaw.org/
http://michigan.gov/recovery