Saturday, February 14, 2009

Alabama in line for billions from stimulus - al.com

Alabama in line for billions from stimulus - al.com: "WASHINGTON — Alabama and Mississippi stand to receive billions of dollars in federal money for schools, roads and other needs from a sweeping economic stimulus package that received final approval Friday, although with little support from either state's congressional delegation.

For Alabama, the bill will bring in at least $3 billion over about two years, according to preliminary estimates provided by the National Conference of State Legislatures; for Mississippi, the amount will be almost $2.3 billion. Those numbers do not include money for food stamps and unemployment insurance, so the totals could ultimately be higher.

The money is wrapped into the $787 billion measure passed by both the House and Senate on Friday in hopes of boosting the troubled economy. Aid to state governments makes up about one-third of the measure's overall tab. It comes as many are struggling to maintain services amid rising costs and plunging tax revenues."