April 28, 2009

Stimulus tracking won't be easy, study finds

The Government Accountability Office released a report yesterday detailing the potential problems states will encounter when it comes to tracking how stimulus money will be spent.

Despite President Barack Obama's pledge that the $787 billion in economic stimulus money will be subject to "unprecedented accountability," many state officials worry that they lack the resources to oversee properly how their share of the money is being spent, a report Thursday from Congress' watchdog agency said.

The study of 16 states and the District of Columbia showed that many simply didn't have a system in place to report how the money is being spent or were unclear on certain elements.

Does it concern anyone else that these states don't already have systems in place to track where they spend their money?