The American Recovery and Reinvestment Act has provided more than $3 billion for Virginia, according to a report released Wednesday by the Commonwealth Institute for Fiscal Analysis.
The institute is a nonprofit economic analysis group that pays particular attention to low- and moderate-income Virginia residents.
The bulk of the money, $1.9 billion, came through the Making Work Pay tax credit. Other monies went toward increases in food stamp benefits, unemployment insurance benefit increases and eligibility extensions, and economic recovery payments, the report said.
“All Virginia localities received a substantial influx of funds, while those communities with high unemployment rates saw the highest per capita direct aid,” said Michael Cassidy, president and chief executive officer of the Commonwealth Institute.
The full report can be seen here.
