The federal stimulus package provides about $6.1 billion in direct aid to North Carolina to create jobs, address state budget stability, and rebuild and expand our state's critical infrastructure, including highways and schools. It also injects additional money into the state through targeted tax cuts, additional grants from federal agencies and direct funding for specific federal programs in the state.

$225 billion of the $789.5 billion total will be awarded to states based on funding formulas. We estimate that North Carolina will receive $6.3 billion of the $225 billion total or about 2.8%. In addition, we have identified over $2.2 billion in grants that are coming to North Carolina, for an overall total of over $8.6 billion so far.