What does the American Recovery and Reinvestment Act 2009 mean for Dallas?
– The City of Dallas will benefit from formula funds already allocated, in the amount of $86.8 million, through direct funding of City of Dallas Programs and through projects within Dallas funded through other agencies. For details regarding City of Dallas proposed ARRA-funded projects, view this Council Briefing (April 1, 2009). Texas state agencies, local governments, nonprofit organizations, businesses, and educational institutions will have the opportunity to compete for billions more in competitive grants and loans. The City of Dallas will submit applications for approximately $364 million in competitive grant funding. ARRA funding is available for a wide range of projects including infrastructure improvements, technology upgrades, energy efficiency, job training, law enforcement, housing, and health care. Additionally, the ARRA contains approximately $300 billion in tax cuts and tax incentives for individuals, businesses, and governments.
