Stimulus Update

Oklahoma City, OK – Okla. to receive $2.6B in stimulus funds

OKLAHOMA CITY (AP) Oklahoma is expected to receive more than $2.6 billion from the federal stimulus package, along with additional grant funds in areas like education, technology and energy efficiency.

The spending is expected to ramp up significantly in 2010 as infrastructure projects continue and state and federal agencies award competitive grants.

The largest chunks of stimulus spending in 2009 came from money used to shore up the state's budget and direct federal aid for unemployment benefits, food stamps, health care, transportation and education.

The stimulus package also included tax cuts and incentives such as the first-time homebuyers' credit, which has been extended until July.


Information from: The Oklahoman,