Results tagged “stimulus”

Yesterday, Mayor Newsom's office announced a new initiative called JOBS NOW!, which aims to fund jobs using federal stimulus money for 1,000 San Francisco residents who have at least one child and earn less than twice the federal poverty level, which equals about $37,000 a year for a family of three or $44,000 for a family of four. The $25 million worth of federal funds will subsidize the successful candidates' salaries at jobs provided by the local government, private businesses, and nonprofits through September of 2010. Employers will be responsible for the workers' Social Security and other payroll taxes.

Governor Schwarzenegger attended a groundbreaking ceremony yesterday for the repaving and repair of Interstate Highway 80 in Fairfield (between state Highway 12 and Air Base Parkway), which is the first California infrastructure project to be funded by federal stimulus money. The 50-year-old stretch of highway is used by over 200,000 vehicles per day, and the $13.5 million project is said to provide 200 construction jobs. Top Grade Construction of Livermore submitted the lowest bid, which was 40 percent lower than Caltrans' cost estimate. The governor's office said the savings will be used for other highway projects. The project is expected to be completed by the end of the year. California is expected to receive nearly $850 million in federal economic stimulus money this month for transportation projects.

President Obama's controversial economic recovery plan passed the Senate, and is now on its way to House-Senate negotiations. According to AP, "Just three Republicans helped pass the plan on a 61-37 vote and they're already signaling they'll play hardball to preserve more than $108 billion in spending cuts made last week in Senate dealmaking. Obama wants to restore cuts in funds for school construction jobs and help for cash-starved states." But Republicans are still snippy about the entire thing "This is a spending bill, not a stimulus bill," whined Sen. Lamar Alexander, R-Tenn. The stimulus bill could cost up to $838 billion.