CAPLAW Audioconference: Roadmap to Recovery Financial Compliance

Join CAPLAW for a 1½ hour audio conference and find out what Community Action Agencies (CAAs) need to do to comply with the financial and reporting requirements of the American Recovery and Reinvestment Act (ARRA). Get answers to questions such as:

• What does the recently announced CSBG risk assessment process mean for CAAs?
• What is involved in ARRA reporting and what do CAAs need to do to get ready for the October 10 reporting deadline?
• How will stimulus funding affect CAAs' indirect cost rates/allocations and A-133 audits?
• How can CAAs prepare financially for the eventual termination of stimulus funding?
  

For more information....

Posted by Carolyn Spohrer at 9:45 AM - Categories: Press Releases | Stimulus

Gov. Kaine Announces ARRA Funds for Children with Disabilities

RICHMOND--Governor Timothy M. Kaine today announced the American Recovery and Reinvestment Act of 2009 has appropriated significant funding for Virginia's Early Intervention Program under Part C of the Individuals with Disabilities Education Act (IDEA). The U.S. Department of Education awarded more than $10 million for Virginia under the Part C Grants for Infants and Families program. These awards will be in addition to the regular fiscal year 2009 grants for infants and toddlers that were made on July 1, 2009.

Read the Governor's news release....

Posted by Carolyn Spohrer at 12:06 PM - Categories: Press Releases | Stimulus

Former Vice-Chair of Federal Reserve Recommends to Stay the Stimulus Course

Alan S. Blinder, writing in the Washington Post, recommends staying the stimulus course:

"Apparently not bothered by facts, some congressional Republicans are already claiming that President Obama's $787 billion stimulus package has failed and are even advocating that some of the remaining scheduled steps in the legislation be canceled.

In medicine, that would be malpractice. In politics, it's demagoguery. In reality, we need to stay the course."

Read the whole article....

Posted by Carolyn Spohrer at 10:56 AM - Categories: Stimulus

New from Brookings: Have the Stimulus Programs Failed?

Gary Burtless, Senior Fellow in Economic Studies at the Brookings Institution, examines: Have the Stimulus Programs Failed?

"Before the recession began, American households saved very little. The personal saving rate was just 1.5% in late 2007. As the recession worsened, the saving rate soared. In the most recent quarter, it reached 5.2%. Critics of the government’s stimulus policies claim the surge in personal saving has undone the intended effects of the stimulus. In their view, the government’s efforts to boost the economy have failed. Is this claim credible?"

Read more....

Posted by Carolyn Spohrer at 11:25 AM - Categories: Stimulus

Governor Kaine Highlights Funding for Weatherization Assistance Programs

KING GEORGE – Governor Timothy M. Kaine today highlighted the Virginia Department of Housing and Community Development's (DHCD) Weatherization Assistance Program, which has allocated $37 million in weatherization funding from the American Recovery and Reinvestment Act (ARRA).

"Virginia's weatherization providers have maintained lengthy waiting lists for the weatherization program for some time," said Bill Shelton, Director of the Virginia Department of Housing and Community Development. "With this increase in funding, as well as changes in the eligibility criteria, we expect to be able to provide weatherization services for many income-eligible Virginians who will benefit from lowered utility costs and a greater quality of life."

Read the press release from the Governor's office....

Posted by Carolyn Spohrer at 10:07 AM - Categories: Press Releases | Stimulus

Governor Announces $500,000 in Economic Development Grant Funding From ARRA

FREDERICKSBURG - Governor Timothy M. Kaine announced today that the Virginia Department of Rehabilitative Services (DRS) awarded $500,000 in federal funding to 12 Employment Services Organizations (ESOs) with projects designed to increase employment for Virginians with disabilities.

Read more about funding to increase employment for Virginians with disabilities....

Posted by Carolyn Spohrer at 9:59 AM - Categories: Stimulus

ARRA funding for Infrastructure Projects

Governor Kaine Announces $1 Billion Milestone in ARRA Funding Allocated for Infrastructure Projects

RICHMOND-Governor Timothy M. Kaine today announced that more than $1 billion in American Restoration and Recovery Act funding has been allocated for infrastructure projects in Virginia. The infrastructure projects, and jobs created, would not have been possible without the stimulus money provided by the federal government.

Read the press release from the Governor's office....

Posted by Carolyn Spohrer at 1:29 PM - Categories: Stimulus