|American Recovery and Reinvestment Act|
“There is still much work that needs to be done, but it is clear that the Recovery Act is making a difference. Right here in New Mexico the Recovery Act has saved jobs for teachers, police officers and fire fighters, while creating jobs and cutting taxes for small businesses and families. After eight years of policies that pushed our economy to reach the brink of disaster, we have taken steps to put our country on the path to recovery. I’m encouraged by the success of the Recovery Act, and I will continue to work with local communities and small businesses in New Mexico to find ways to improve our economy and create jobs.” – Rep. Ben Ray Luján
During this time of economic difficulty, Rep. Lujan's top priority is to get our economy back on track. One of the most important tools to achieve this goal is the American Recovery and Reinvestment Act (ARRA), which Rep. Lujan supported and President Barack Obama signed into law in February 2009. This was an important step, but we still have hard work ahead of us to put our country back on the right path.
When the American Recovery and Reinvestment Act was signed into law on February 17, 2009, the United States was in a rapid economic decline. The month before the Recovery Act was signed into law, the United States lost over 750,000 jobs. In the fourth quarter of 2009, the economy grew 5.7 percent - the largest gain in six years. Before the Recovery Act, the economy was shrinking by about 6 percent. According to the nonpartisan Congressional Budget Office, the President’s Council of Economic Advisors, and many independent analysts, the Recovery Act has created or saved approximately 2 million jobs, and as many as 2.4 million. Many of the jobs saved belong to teachers, fire fighters and police officers who would have had their jobs cut had the Recovery Act not helped state and local governments to fill budget gaps.
As of February 2010, over $60 billion in Recovery Act funding had gone to states for education funding. More than 55,000 Recovery projects have been approved, including over 7,000 transportation projects already underway. Furthermore, over 42,000 small businesses have received loans through the Recovery Act, providing them with nearly $20 billion in capital. In addition, ninety-five percent of Americans received a tax cut through the “Making Work Pay” tax credit program, 18 million Americans have received unemployment benefits, and 55 million seniors, veterans and other high-need residents received one-time economic relief payments of $250.
For up-to-date information on the Recovery Act's impact in the United States, visit the American Recovery and Reinvestment Act's web site.
As of February 2010, New Mexico had received $1,921,000,000 in obligations, including over $373,000,000 for transportation, energy, and other shovel-ready projects. According to the Governor’s office, the Recovery Act has created or saved over 10,000 full- or part-time positions in New Mexico through funding to the state government. This estimate does not include jobs that have been created or saved through funding that has gone directly to local governments and small businesses. As of February 2010, the President’s Council of Economic Advisors estimated that there are 12,000 more jobs in New Mexico than there would have been without the Recovery Act. According to the Vice President’s office, over 80,000 people in New Mexico have received expanded unemployment benefits and over $400,000,000 has been allocated towards the “Making Work Pay” tax credit program in New Mexico, as of February 2010.
For up-to-date information on the Recovery Act's impact in New Mexico, visit the State of New Mexico's Recovery Act web site.
In New Mexico’s 3rd Congressional District, an estimated 237,000 families benefitted from the “Making Work Pay” tax credit. Many other programs and projects are helping to save teachers’ jobs, hire police officers, provide small business loans, and repair and build roads and bridges throughout New Mexico’s 3rd Congressional District.
View American Recovery and Reinvestment Project Map to find projects in the 3rd Congressional District .
Below is a small sampling of the projects in New Mexico’s 3rd Congressional District.
Los Alamos County
Rio Arriba County
San Juan County
San Miguel County
Santa Fe County
Washington D.C. Office • 2446 Rayburn HOB • Washington, D.C. 20515 • Ph: (202) 225-6190 • Fax: (202) 226-1528 •View Map
Santa Fe Office • 1611 Calle Lorca, Suite A • Santa Fe, NM 87505 • Ph: (505) 984-8950 • Fax: (505) 986-5047 • View Map
Rio Rancho Office • 3200 Civic Center NE Suite 330 • Rio Rancho, NM 87144 • Ph: (505) 994-0499 • Fax: (505) 994-0550 • View Map
Farmington Office • 800 Municipal Dr. • Farmington, NM 87401 • Ph: (505) 324-1005 • Fax: (505) 324-1026 • View Map
Gallup Office • 110 West Aztec Avenue • Gallup, NM 87301 • Ph: (505) 863-0582 • Fax: (505) 863-0678 • View Map
Las Vegas Office • PO Box 1368 • 903 University Ave. • Las Vegas, NM 87701 • Ph: (505) 454-3038 • Fax: (505) 454-3265 • View Map
Tucumcari Office • 404 W. Route 66 Blvd. • Tucumcari, NM 88401 • Ph: (575) 461-3029 • Fax: (575) 461-3192 • View Map