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Published by Circuit Media

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Published by: Circuit Media on Oct 15, 2009
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OFFICE OF GOV. BILL RITTER, JR.WWW.COLORADO.GOV/GOVERNORFOR IMMEDIATE RELEASETHURSDAY, OCT. 15, 2009CONTACTMyung Oak Kim, 303-947-5708, Myung.kim@state.co.usGOV. RITTER ANNOUNCES NEW WAY TO TRACK RECOVERY ACT PROJECTS Gov. Bill Ritter Jr. today announced the release of new reports that outline howfunds from the American Recovery and Reinvestment Act are being used in everycounty across Colorado. The 64 reports can be found at www.colorado.gov/recoveryand are the first of several new sources of data that will be released in the nextfew weeks to help Coloradans track Recovery Act dollars. “The Recovery Act is helping every Colorado community by supporting schoolprograms, reducing taxes for most working families, and creating jobs inconstruction, infrastructure and weatherization projects,” Gov. Ritter said. “Weare working hard to track Recovery Act dollars and these county reports areanother way for Coloradans to see how the money is being spent.” In addition to the county reports, a new blog has been posted on the statewebsite, www.colorado.gov/recovery. The blog offers insight from Don Elliman,Chief Operating Officer for the State of Colorado and Chair of the ColoradoEconomic Recovery and Accountability Board, an oversight panel appointed by Gov.Ritter in February. The Governor’s Economic Recovery Team is compiling a variety of reports to helpColoradans track spending of Recovery Act dollars that will be posted onwww.colorado.gov/recovery. More information, including new federal contract data,is available at www.recovery.gov, the official national website.The Recovery Act was signed in Denver in February by President Obama and isdesigned to boost the economy through a steady two-year plan. The Recovery Actdistributes $787 billion to create jobs, maintain safety net services, supporteducation and vital services, reduce taxes and invest in infrastructure and growthindustries. Colorado expects to receive at least $5.5 billion. That number couldincrease significantly after major competitive grants are awarded in comingmonths.The county reports were compiled from a number of sources and do not representevery dollar coming from the Recovery Act. Tax breaks for working families andother direct benefits to individuals could not be calculated by county and are not

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