For accounting purposes, the Federal government uses a defined 12-month period as a financial or fiscal year. The Federal fiscal year begins on October 1 and ends on September 30 of the following calendar year. For instance, fiscal year 2009 is 10/1/20
Recovery.gov is a website that lets you, the taxpayer, figure out where the money from the American Recovery and Reinvestment Act is going. There are going to be a few different ways to search for information. Within days after the signing of the legislat
Not at this time. But, as new systems are developed to capture the allocations and expenditures under the Act, we plan to make that data available in exportable form.
The Congressional Budget Office (CBO) has calculated the impact that the American Recovery and Reinvestment Act will have on the federal government’s budget deficit. You can review those calculations
Very soon, the different agencies — such as the Departments of Education; Health and Human Services; and Energy — will decide who will receive award grants and contracts. Sometimes the money will go to a state government; other times, the funds will go
You aren’t able to track funds yet because we have not yet started receiving information from Federal agencies on how they are going to allocate the money. It takes a little bit of time for them to make sure your money is going to be spent wisely. Right n
The American Recovery and Reinvestment Act establishes an oversight board of inspectors general (the watchdogs of government) called the Recovery Accountability and Transparency Board, which is responsible for overseeing Federal agencies to ensure that there is transparency and accountability for the expenditure of recovery funds. For the interim period until that board becomes operational, the…
Over the course of the spring, increasing amounts of information will become available on Recovery.gov that will show where the money is going. We are counting on you to peruse that information and tell us what you find. Please share your stories, your id
Until the funding is distributed by the Federal government to states and local governments, and eventually to your community, we won’t be able to determine exactly where all of the funding will go. Over the next few weeks and months, there’s going to be a
The purpose of the Recovery Act is to create and save jobs, jumpstart our economy, and build the foundation for long-term economic growth. The Act includes measures to modernize the nation’s infrastructure, enhance America’s energy independence, expand ed
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