Stimulus Is Working In Florida!

Florida's approximately $15 billion, three year take of federal-stimulus spending is already starting to pay off, say agency heads.

According to Education Commissioner Eric Smith, the stimulus dollars have helped preserve 26,000 jobs in Florida's K-12 system. Another 2,700 jobs have been created.

Florida is competing for $2.5 billion in high-speed rail grants and waiting to hear whether t will get nearly $50 million in port security grants.

$212 million in stimulus dollars have paid for a $25 increase in unemployment compensation benefits.

$267 million has extended the length of unemployment benefits.

Cynthia Lorenzo, head of the Agency for Workforce Innovation (unemployment), claims that every dollar in spending on unemployment benefits translates into $1.64 in economic impact for a total of $876 million going back into the economy.

Source: Florida Today