
With the NYCStat Stimulus Tracker, New Yorkers can track
the City’s use of federal stimulus/recovery funds provided through the American
Recovery and Reinvestment Act of 2009 (ARRA). Stimulus Tracker provides a Funding Summary, which gives an
overview of all stimulus dollars allocated to date and Funding
Details, which lists detailed information about projects and programs
in each major category of stimulus funding.
A note about New York
City’s job calculations.
In accordance with the
federal government’s requirements per Section 1512 of ARRA, the measurement of
actual jobs created or retained uses a method commonly referred to as full-time
equivalency (FTE). Using an FTE method for
calculating jobs provides a more accurate count by factoring in part-time work,
work that is less than a complete reporting cycle and similar situations.
The federal government
required all states and municipalities to calculate job creation and retention
using an FTE methodology to ensure accuracy and consistency across all reporting
jurisdictions.
Prior to the federal guidance on FTE methodology, the
City projected the number of jobs to be created or retained during the lifetime
of the entire project/program; these “job estimates” are therefore calculated
differently from the “actual FTE jobs” reported. The original job estimates now appear in the
left pane of each project/program dashboard page wherever applicable.
For more information on how
job counts are calculated, click here.