PI Original Josh Kalven Wednesday January 28th, 2009, 2:32pm

Digging Deeper Into Illinois' Share Of The Stimulus

Over the past week, we've been using the data trickling out of D.C. to determine how much of the economic recovery package is directed Illinois and where exactly those funds will flow.  Using figures from the House Transportation and Infrastructure Committee, we broke down ...

Over the past week, we've been using the data trickling out of D.C. to determine how much of the economic recovery package is directed Illinois and where exactly those funds will flow.  Using figures from the House Transportation and Infrastructure Committee, we broke down the proposed $1.8 billion in infrastructure spending in the Prairie State.  And thanks to a report from the Center for Budget and Policy Priorities (CBPP), we examined the parts of the stimulus that would affect low- and middlle-income families in Illinois.  Today, we took a look at the numbers included in the broadest study we've seen yet on the stimulus, this one from the Center for American Progress (CAP).

Their research showed that Illinois is currently in line for at least $22.3 billion of the $825 billion package.  This currently includes $6.9 billion in personal tax cuts, which amounts to $533 per capita:

- $6 billion: Making Work Pay cuts
- $177 million: Earned Income Tax Credit increase
- $711.2 million: Child Tax Credit expansion

On the Child Tax Credit, the CBPP report estimated that the proposed expansion would benefit the familes of 579,000 Illinois children.

The CAP study also provided some overall numbers for the stimulus provisions aimed at alleviating poverty, unemployment, and homelessness:

- $2.3 million: Unemployment insurance extensions, increases, and modernization
- $563 million: Various housing measures (including the Neighborhood Stabilization Program, Public Housing Capital Funds, and HOME Investment Partnership Program)

For more on provisions that could be added to the stimulus for homelessness prevention, see our post on the push for more Housing Choice Vouchers. 

Finally, CAP provides a larger estimate of the amount of education funding headed to Illinois than CBPP, putting the figure at $2.8 billion.  Here's their breakdown:

- $1.146 billion: K-12 education
- $903 million: 21st Century Classrooms (school modernization)
- $103 million: Early childhood development
- $688 million: Pell grants

Want to know how much your school district stands to receive over the next two years?  Check out the House Committee on Labor and Education document embedded below (click the button in the upper right corner to expand or download it here):

As Crain's Paul Merrion pointed out yesterday, the state is sure to see additional dollars not included in the CAP study:

The analysis by the Center for American Progress included spending programs above $1 billion for which assumptions about allocating the funds could be made, or about two thirds of the spending in the bill, said Will Straw, the center's associate director for economic growth.

The study didn't cover federal spending that doesn't flow through state governments, such as science and research facilities, and it didn't include grants for which states compete.

The U.S. House is currently debating amendments to their version of the stimulus package, including a proposal to add $3 billion in mass transit funding.  We'll have more on that later today.

Comments

Login or register to post comments