12:39 pm November 11, 2010, by Jeremy Redmon
Federal stimulus money funded 29,113 jobs in Georgia during the last quarter, mostly for teachers, college professors, police officers and other public positions, according to a state report released this week.
Between July 1 and Sept. 30, state agencies spent $979.3 million in American Recovery and Reinvestment Act funds, bringing the total spent in Georgia to $4.6 billion. Georgia has been awarded $6.9 billion in federal stimulus funds so far.
The federal program is paying for a mix of tax breaks; entitlements; and contracts, grants and loans. Nationwide, the program funded 671,607 jobs during the last quarter, according to the federal website recovery.gov.
Proponents say the program has helped save and create jobs and thereby has softened the impact of the recession. But critics have questioned the federal government’s job-counting formula, which counts jobs as full-time equivalent positions funded with federal stimulus dollars, whether or not they were in jeopardy of being eliminated. The formula also counts pay raises as fractions of jobs.
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