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Economic Recovery

Compiled by Marian G. Rogers, May 2009

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In recent months, the economy has stagnated, jobs have been lost, and businesses have closed. Earlier this year, President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA), which is designed to revitalize and jump-start the economy. The Wisconsin Legislature will consider Assembly Bill 255 and Senate Bill 189 to guide the state's expenditure of economic stimulus funds. This issue of Tap the Power features background material, some Wisconsin-specific information, and links to helpful Web sites nationwide.

The American Recovery and Reinvestment Act of 2009: A Guide for State and Local Governments / prepared for The Council of State Governments, Midwestern Office, by Latham & Watkins. 2009. (330.3/C83a) The intent of ARRA is to bolster the economy by rapid expenditure of stimulus funds within a limited period of time. This paper "is intended as a general summary of the law to help identify funding opportunities for further inquiry."
www.staterecovery.org/federal-assistance

American Recovery and Reinvestment Act of 2009: State-by-State Estimates of Key Provisions Affecting Low- and Moderate-Income Individuals / Center on Budget and Policy Priorities. Updated March 3, 2009. (330.3/C33) "Short descriptions and tables with estimated state-by-state impacts of several key provisions." www.cbpp.org/cms/index.cfm?fa=view&id=2355

"American Reinvestment and Recovery Act (HR-1)" / National Association of Counties, Wisconsin Counties, March 2009, p.14-22. (352.9/W75/2009/v.73/no.3) A concise topical summary of various stimulus programs available to county governments.

Causes of the Financial Crisis / U.S. Congressional Research Service. January 29, 2009. (R40173) "This report sets out in tabular form a number of the factors that have been identified as causes of the crisis." http://opencrs.com/document/R40173

  • To find more CRS reports, search http://opencrs.com/ for "economic recovery" or "economic stimulus."

"Financial Crisis: Did Lax Regulation Cause a Credit Meltdown?" / Congressional Quarterly, Inc., CQ Researcher, May 9, 2008, v. 18, no. 18. (330.3/C762d)

The Global Financial Crisis: Analysis and Policy Implications / U.S. Congressional Research Service. April 3, 2009. (RL34742) States "the ultimate issue perhaps is how to ensure the smooth and efficient functioning of financial markets to promote the general well-being of the country while protecting taxpayer interests and facilitating business operations."-summary page www.fas.org/sgp/crs/misc/RL34742.pdf

"Middle-Class Squeeze: Is More Government Aid Needed?" / Congressional Quarterly, Inc., CQ Researcher, March 6, 2009, v. 19, no. 9. (330.3/C762e)

"Principles for a High Road Recovery" / Center on Wisconsin Strategy, COWS Notes, April 2009. Aims to ensure that stimulus dollars benefit those with the most need. Includes links.
www.cows.org/pdf/nl-09_apr.pdf

"Public-Works Projects: Do They Stimulate the Economy More Than Tax Cuts?" / Congressional Quarterly, Inc., CQ Researcher, February 20, 2009, v. 19, no. 7. (331.863/C761a)

"Recession: County Government in Uncertain Economic Times" / Wisconsin Counties Association, Wisconsin Counties, February 2009, p.22+. (352.9/W75/2009/v.73/no.2) A collection of articles on county government and the need for increased economic support services.

Recovery Act: As Initial Implementation Unfolds in States and Localities, Continued Attention to Accountability Issues Is Essential / U.S. Government Accountability Office. April 23, 2009. (GAO-09-580) www.gao.gov/products/GAO-09-580

"Special Focus: Economic Stimulus" / The Council of State Governments, State News, April 2009. (029/St2b/2009/v.52/ no.4) www.csg.org/pubs/statenews/pages/specialfocus1.aspx

State Finance in the Great Depression / Ronald Snell, National Conference of State Legislatures. March 2009. (330.3/N21a) www.ncsl.org/print/fiscal/statefinancegreatdepression.pdf

The State of Working Wisconsin: 2008 / Center on Wisconsin Strategy. www.cows.org/pdf/rp-soww-08.pdf

"Stimulus Spending by State: How Some of the Major Spending in the Stimulus Legislation Will Be Shared Among the States" / The Wall Street Journal Online. Updated April 23, 2009. Interactive map and chart with sortable columns detailing state and territory spending in several social and infrastructure categories. Information updated as new distributions are added. http://online.wsj.com/public/resources/documents/info-stimulus903.html

"Think Recovery: The Economic Stimulus Act Is One of the Most Complex Bills Ever Passed. Here Are Some Tips on How to Understand the Legislation" / Carl Tubbesing, State Legislatures, April 2009, p.32-33. (328.11/N214/2009/v.35/no.4)

"Vanishing Jobs: Will the President's Plan Reduce Unemployment?" / Congressional Quarterly, Inc., CQ Researcher, March 13, 2009, v. 19, no. 10. (330.3/C762f)

"Weathering the Storm: Policymakers Look for Solutions to Budget Woes as the States Tread in Challenging Fiscal Waters" / Council of State Governments, Midwestern Office, Firstline Midwest, March 2009. How Wisconsin and other midwestern states are managing budget issues. Lists major sources of ARRA relief. www.csgmidwest.org/memberservices/Publications/FLMW/2009/flmw%20march%2009%20web.pdf

"Will it Work? The Recovery Plan Will Help States Struggling with Massive Budget Shortfalls, but It May Not Be Enough" / Edward Smith, State Legislatures, March 2009, p.12-14. (328.11/N214/2009/v.35/no.3)

"Wisconsin's Slice of the Federal Pie" / Wisconsin Taxpayers Alliance, The Wisconsin Taxpayer, January 2009. (336.05/W751c) Wisconsin's pre-stimulus receipt of federal dollars shows that the state "has generally received fewer federal funds than most states. In 2007, only three states received fewer federal funds per capita."

Related Web Sites

Center on Budget and Policy Priorities: www.cbpp.org/research/?fa=topic&id=28 "Recession and Recovery." Provides many links, including "Special Series: Economic Recovery Watch" and "States in the Recession."

Council of State Governments: www.staterecovery.org "StateRecovery: A Resource for States in Challenging Times."

Economic Analysis and Research Network: www.earncentral.org A network of multi-issue research, policy, and advocacy organizations. Link to many current reports, including "Stimulus in the States" and "Roadblocks to Recovery."

Federal Funds Information for States: www.ffis.org/452501 "American Recovery and Reinvestment Act." "FFIS has prepared a summary of programs funded under ARRA, including competitive grant programs and programs that will flow through to local governments."

Job Center of Wisconsin: https://jobcenterofwisconsin.com/ Designated by executive order as the official site for information about recovery jobs in Wisconsin.

League of Wisconsin Municipalities: www.lwm-info.org/ Click "Resources" > "Links By Subject" > "American Recovery and Reinvestment Act."

National Association of Counties: www.naco.org/ Link to "Leading in Tough Times: Recovery Act Information."

National Conference of State Legislatures: www.ncsl.org/statefed/2009economicstimulus.htm "Economic Stimulus 2009."

National Governors Association: www.nga.org "American Recovery and Reinvestment Act Resource Center."

Progressive States Network: www.progressivestates.org/stimulus "Implementing the Recovery Plan: A Resource Guide for State Legislators and Advocates."

Recovery.gov - U.S. Recovery Accountability and Transparency Board. "The main vehicle for finding out how taxpayer dollars are being spent to rejuvenate our economy."

Recovery.org - Onvia, Inc. Commercial site which is designed to track ARRA spending in real time.

United States Conference of Mayors: www.usmayors.org/MainStreetEconomicRecovery "MainStreet Economic Recovery."

U.S. General Services Administration: www.gsa.gov "Doing Business With GSA." Click on "Recovery Act."

U.S. Government Accountability Office: www.gao.gov/fraudnet/fraudnet.htm "FraudNet."
Report fraud, abuse, or waste of economic stimulus funds.

University of Wisconsin System Task Force on Recovery and Reinvestment: www.uwsa.edu/govrel/recovery

Wisconsin Department of Public Instruction: http://dpi.wi.gov/recovery "Economic Recovery and Reinvestment." Funding opportunities for public schools and libraries.

Wisconsin Department of Revenue: www.dor.state.wi.us/report Links to many reports including "Economic Development" and "Economy."

Wisconsin Department of Transportation: ww.dot.wisconsin.gov/projects/recovery "Federal Economic Recovery Projects."

Wisconsin Department of Workforce Development: www.dwd.state.wi.us The "agency charged with building and strengthening Wisconsin's workforce."

Wisconsin Office of Recovery and Reinvestment: www.recovery.wisconsin.gov Click "Program Search" for specific funding opportunities.

Wisconsin State Agencies' Economic Recovery Web Pages: www.recovery.wisconsin.gov/subcategory.asp?linksubcatid=2869&linkcatid=3004&linkid=1510&locid=164

 


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