$4.6 billion in federal stimulus money stays unspent in Florida

[mfcorey1]

y Scott Powers, Orlando Sentinel

10:33 p.m. EDT, May 23, 2011
More than two years after the controversial federal-stimulus program began, Florida has yet to spend more than $4.6 billion of its stimulus money, even as the state starts seeing new layoffs of teachers and others paid with stimulus money the past two years.

Of $11 billion awarded to Florida for programs that were supposed to generate jobs, federal reports show that, as of March 31, 42 cents of every dollar still was unspent.

A large chunk of that unspent money is targeted to public schools, mainly through the $700 million "Race to the Top" grant Florida won last year to pay for education reforms, chiefly developing evaluation systems and providing merit-pay increases for teachers.

http://www.orlandosentinel.com/business/os-florida-federal-stimulus-update-20110522,0,2384756.story

[sakabatou]

1. And now it's a race to the bottom

[Angry Dragon]

2. scott is probably trying to figure out a way to put it into his pockets

[Loge23]

3. Hey, that "election" was expensive!

$75 million and all we got to show for it is Rick Scott.
He has to make that cash back somehow.
Or else we can believe he's in it because he's a benevolent, concerned citizen!!
Ya' think??!