News Article
| Mulvaney: ‘Strings attached’ to funding |
| January 4, 2009 |
By Christopher Sardelli
Sen. Mick Mulvaney spent a good part of this week on the State House floor debating the merits and disadvantages of accepting money from the federal stimulus bill.
Mulvaney, R-District 16, joined fellow state lawmakers in discussing how Gov. Mark Sanford’s refusal of money from the stimulus bill would affect the state’s budget.
Sanford has refused a portion of the funding the state was to receive, around $700 million, which would be allocated for kindergarten through 12th-grade education, higher education and health care.
The state has already accepted, and has begun allocating, about $2.1 billion in stimulus funds. It’s being used for infrastructure needs, such as roads and bridges.
In total, the state should receive around $8 billion from the American Recovery and Reinvestment Act of 2009, with $5.2 billion of that funding set aside for tax credits. The money will be awarded in phases over two years.
Sanford said he would accept the $700 million in stimulus money, but only if the Legislature uses it to pay down the state debt.
continue reading... |
|
 |
|
