|
STABILIZATION |
The American Recovery and Reinvestment Act (ARRA) provides federal funding for “fiscal stabilization”, which is to assist States suffering from severe budget shortfalls to maintain adequate funding for critical government services. The ARRA includes additional funding for education and for Governors to address unique stabilization concerns not specifically contemplated by Congress. The act temporarily increases the federal medical assistance percentage (FMAP) to provide additional federal funds to finance the State administered Medicaid program and temporarily reduce state appropriations need to continue financing these services. |
|
Allocation of
Federal Funds
$581 million* |
|
|
Federal Medical Assistance Percentage (FMAP)
The ARRA increases the federal share of support for Nebraska's Medicaid program and for Title IV-E foster care and adoption assistance, which decreases the financial burden on the state budget allowing the state to maintain services. |
| |
|
|
State Fiscal Stabilization Fund - Education
The ARRA includes additional funding to help states restore K-12 school funding to the greater of fiscal year 2008 or 2009 levels, and if applicable, to fund existing State formula increases to support elementary and secondary education for fiscal years 2010 and 2011. After funding the K-12 formula, remaining funds in this category may be used to restore state support for higher education to the greater of fiscal years 2008 or 2009 levels. Any remaining funds shall be distributed to K-12 schools on the basis of their relative shares of funding under Title I of the Elementary and Secondary Education Act of 1965. |
| |
|
|
State Fiscal Stabilization Fund - Government Services
The ARRA provides the Governor funding to relieve fiscal burden and distress. This funding is intended to support government services, including but not limited to, public safety, K-12 and higher education modernization, renovation or repair. Nebraska has elected to distribute all of these funds to the Department of Correctional Services. |
| |
|
| |
|
*Dollar values displayed on this website are primarily derived from information from the administering federal agencies. Estimates of projected federal distributions are used when the federal guidance or grant awards are still pending. Amounts are rounded to the nearest million. |
|
|
|
|
