What’s the Hold-Up? Shovel-Ready Projects Await Stimulus Funding
9th October 2009
But when you look at the current stimulus package — aka the Recovery Act — it’s a bit of a head scratcher, considering so little of it has been spent.
Let’s take a look at the big picture: According to information aggregated by recovery.gov, of the $499 billion in stimulus funds slated for spending —contracts, grants, loans and entitlements — only $251 billion has been made available. Of that amount, just $107 billion had been paid out as of September 30. That’s less than a quarter of the overall number.