Readiness of Government Agencies
While the purpose of the stimulus package is to flow dollars quickly into the economy, it also is intended to invest in a more productive, cleaner, smarter, and healthier future.
Only 24% of respondents report they are fully ready to meet the requirements of managing the stimulus dollars. Only a third had goals and measures in place, and only 22% had all the transparency actions in place.
The American Recovery and Reinvestment Act of 2009 (ARRA or “Stimulus package”) is a $787 billion economic stimulus package enacted on February 17, 2009 in the wake of the economic downturn. While most of the bill offers tax relief and incentives, one-third of the bill authorizes spending to stimulate economic development and recovery. These dollars will be administered by Federal and state agencies.