On February 17, 2009 President Barack Obama signed
into law the American Recovery and Reinvestment Act (ARRA) of 2009. The stated purpose
of the ARRA is:
- To preserve and create jobs and promote economic recovery.
- To assist those most impacted by the recession.
- To provide investments needed to increase economic
efficiency by spurring technological advances in science and health.
- To invest in transportation, environmental protection,
and other infrastructure that will provide long-term economic benefits.
- To stabilize State and local government budgets,
in order to minimize and avoid reductions in essential services and counterproductive
state and local tax increases.
Additional information on the ARRA can be found at the
following websites:
www.recovery.gov or
www.cacities.org
The City of Oxnard is aggressively pursuing grant funds through the ARRA.
In some cases, funds are allocated on a formula basis and in others the City must pursue a competitive process.
In all cases, accountability and transparency are of the utmost importance, and the ARRA
includes many provisions to meet these goals.
The chart highlights the dollars allocated on a formula basis from the various
categories funded through the ARRA. Many allocations are through the State of California and allocations
to the City of Oxnard are not yet known.
Summary:
|
Total Amount Awarded: $33,853,842.00 |
|
ARRA Awards ($ Millions)
|
NOTE: Amounts may be based on formula allocations that require final processing through State or Federal agencies.