So why, with over half a billion dollars in federal education
stimulus money flowing to Connecticut — money intended to promote reform and protect jobs — is Hartford Public High School laying off teachers?
The Obama administration's report, which will be followed by similar quarterly updates, touted
the stimulus money flowing to the states to bolster education.
Not exact matches
Many billions of dollars are already
flowing from
stimulus funding, they note in a letter to Obama, but the
money will run out in October 2010.
For that reason, in many states, the initial response after the
stimulus money stopped
flowing was largely to try to do what had been done before the recession and to wait out the storm.
The immediate impact of
stimulus spending also tends to be muted in open economies like Canada's, where
money easily
flows across borders — an uptick in GDP is likely to be offset by a corresponding rise in the value of the loonie, which, in turn, weighs down exports.
The challenge with both the hubs and innovation grants will be how to sustain the
flow of
money now that the
stimulus windfall is ebbing.
Chu said that
money could start
flowing to states within 30 days of the final approval of the
stimulus package, compared with a more typical 12 - to 18 - month wait for such funds.
Indeed, a recent study by McGraw Hill predicts that the green - building market, both residential and commercial will double from $ 36 - $ 49 billion to $ 96 - $ 140 billion by 2013, with some of that
money flowing from the $ 83 billion targeted for green jobs in the
stimulus bill.