Where the Money is Going
Any large government program can be confusing and difficult to understand. The $840 billion Recovery program is no exception, and that’s why the Recovery Board is continually finding ways to make it easier to understand information posted on Recovery.gov.
Federal agencies — 28 of them — distribute funds under the Recovery program. How much money has a specific agency distributed to recipients? How much has an agency paid out for contracts, grants, and loans? How much for entitlements? Today (July 2), the Recovery Board is unveiling a new page that will give users of Recovery.gov easy answers to those questions, along with other information.
These agency summaries will be available by simply clicking on the “Where is the Money Going?’’ line atop any Recovery.gov page. Then click on “Agency Data” and go to “Agency Profiles.” Here’s what you’ll find, based on reports submitted to the Recovery Board by individual agencies or recipients of Recovery funds:
- The total amount awarded by an agency along with an up-to-date total of funds actually paid out to recipients.
- A breakdown of funding for contracts, grants and loans by categories, including education, transportation, housing and health.
- The amount of entitlements paid out in similar categories.
- The number of awards reported by recipients.
- The number of projects yet to get under way along with the number completed.
- The estimated jobs funded in each quarter.
- The states, cities, and recipients receiving the most funds.
We think this new page will enlighten you about the Recovery program and we would like to hear from you.
– Michael Wood, Executive Director, Recovery Board