The Massachusetts Budget and Policy Center this week released a detailed report on the American Recovery and Reinvestment Act’s impact on Massachusetts. We thought Red Mass Group readers might find it useful.
In total, MassBudget estimates that Massachusetts — both state and local governments, as well as non-governmental organizations and individuals — will receive approximately $17.7 billion through ARRA. This total is comprised of $3.6 billion to help the state address the budget gap; $5.8 billion in tax and related benefits to residents; $2 billion in other direct benefits to residents; $942 million in infrastructure repairs and improvements; and $5.4 billion for other ARRA priorities including workforce training, education, research, and energy efficiency.
Of this $17.7 billion, Massachusetts and its residents have already benefited from more than $4.3 billion in ARRA funds since the law’s passage in February 2009. A sizable portion of these funds, $1.8 billion, went to state government to reduce cuts and make targeted investments in health care, education and other important government services. In addition, residents have received at least $2.5 billion in additional, direct benefits in the form of tax reductions, Pell Grants, unemployment benefits, and other programs.
Click on the link here to see the report, and use the Table of Contents at the right to navigate the document.