September 25, 2010
By Keith Purtell
Phoenix Staff Writer
— Leaders in area cities say they benefited from millions of dollars in federal stimulus money.
The American Recovery and Reinvestment Act of 2009 targeted tax relief and significant investments in education, transportation, health care, science and technology, and energy efficiency. Oklahoma received $2.6 billion.
The fact that ARRA funding was only temporary is not seen as a problem.
Tahlequah Mayor Ken Purdy said his city used bonds called Build America Bonds.
“Our citizens voted to approve the dedication of local sales tax dollars to help fund capital improvements in community,” he said. “We have stretched those dollars even farther by the way that the bonds that the city had benefited from the bonds that were issued to help obtain the funding for construction of the projects.” FULL ARTICLE
Posted on
Sat, September 25, 2010
by Crystal Drwenski