Community presentation given by Governor Granholm to discuss the American Recovery and Reinvestment Act and the impact that it will have on Lansing, Michigan.
Z Score,T Score, Percential Rank and Box Plot Graph
Lansing Recovery Presentation
1. A Recovery Update for Michigan’s Citizens
Governor Jennifer M. Granholm
2. 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
3. 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
4. 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
5. 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
6. Protecting 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
7. 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
8. 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
9. 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
10. 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
11. 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
12. Protecting Home Ownership
Home Affordable Refinance Program
Provides access to low-cost refinancing for
homeowners suffering from falling home
prices
For homeowners with Freddie Mae or
Freddie 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
13. 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
14. 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
15. Roads & Infrastructure
For 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-funded
road 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
16. 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