Tracking the Texas Stimulus,
a new Web page launched today by Texas Comptroller Susan Combs, will help state and local officials, business leaders, economic developers, human service providers and interested taxpayers track what Texas may receive from the estimated $787 billion in federal economic stimulus funds.
"Our office is closely reviewing the American Recovery and Reinvestment Act of 2009 to determine what it means for Texas," Combs said. "We will share information we have compiled so far and continually update the Web page as federal agencies provide more guidance on the funding included in this complex and far-reaching plan."
The first phase of Tracking the Texas Stimulus features a spreadsheet listing the provisions of the federal stimulus bill, estimates of federal spending and the amounts Texas might expect to see. The estimates are preliminary, based upon currently available information from a wide range of sources. As the Web page is continually updated, it will be a valuable resource to help Texas plan the best use of the funds within the parameters set by the legislation.
When the funds reach Texas, the Comptroller's office will track the money through the Web site.
"At both the state and federal levels, transparency and accountability are critical parts of the Recovery and Reinvestment Act," Combs said. "Taxpayers deserve to know that the enormous amount of tax dollars contained in the economic stimulus plan is being used as intended - to put people to work, to help families impacted by the economic downturn and to fund projects that will provide lasting economic benefits to Texas and the nation without causing unintended consequences."