Government and education organizations will benefit from stimulus money

Organizations Should Be Mindful of Corporate Governance Regulations

Economic stimulus refers to government spending or tax measures to support or revive an economy in recession. In February 2008, Congress passed a $168 billion package of tax cuts and rebates. Later in the year, when signs emerged that the economy was still falling, Democrats called for a larger stimulus, and a 2009 “recovery” package worth nearly $800 billion dollars was passed.

Through the 2009 Stimulus Act, billions of dollars will be allocated to State and Local governments. The allocated funds are earmarked for construction and repair of federal buildings as well as water and transportation projects.

In a recent New York Times article, A Race to Be the First to Use Stimulus Money, cities and towns across America are