Quantcast

Gov’t audit: Stimulus funds for energy go unspent

by Associated Press

Published: September 7,2011

Time posted: 8:44 am

Tags: Energy, federal government, stimulus

Share this story:

Two years after the economic stimulus plan, a new government audit finds that about one-third of the money authorized for an energy efficiency program has not been spent.

The Energy Department’s inspector general says that state and local governments have left as much $879 million unspent from a $2.7 billion program intended to boost energy efficiency and create jobs.

Inspector General Gregory Friedman says the unspent money undermines a basic premise of the 2009 stimulus law: “to promptly stimulate the economy and create jobs.”

The Energy Department acknowledged a slow start, but said aggressive outreach to state and local governments has boosted spending from $270 million last year to about $1.4 billion as of last month. The program has helped pay for more than 5,400 jobs.







  • Comments are closed.





    Connect with us: Daily Email Facebook Twitter LinkedIn

    Our Poll

    Do you think Colorado Springs Utilities should move its power plant away from downtown?

    View Results

    Loading ... Loading ...

    This poll is not a scientific sampling, but offers a quick view of what readers are thinking.

    Calendar

    On The Horizon: Read calendar items from the print edition of the Business Journal here.

    To submit your event to our community calendar, set up the event as an appointment in your email calendar and invite events.csbj@gmail.com as an attendee.



    • image
    • image
    • image
    Copyright © 2012  | Colorado Springs Business Journal  31 E. Platte Ave., Ste 300, Colorado Springs, CO 80903  (719) 634-5905