As a Manager Should Know Economic Stimulus Management
Many local governments are accustomed to reporting their performance to management officials
. Reporting the effects of stimulus spending offers a new and much-expanded audience that includes U.S. citizens, the media, and national policy leaders. The opportunity to demonstrate the value of investing in local government is unprecedented.
American Recovery and Reinvestment Act (ARRA) of 2009 initiatives currently underway represent a mammoth $787 billion effort to rescue the U.S. economy from near-collapse, protect its most vulnerable citizens, preserve public services, and establish a
Replica Breitling Bentley foundation for recovery. According to the U.S. Government Accountability Office (GAO), programs and projects totaling $280 billion will be administered through states and localities, making this an intergovernmental partnership of historic scale. As recovery efforts advance, the attention of the media, national leaders, and the nation as a whole will shift from an initial focus on congressional enactment to a series of subsequent points of focus.
The first shift came when attention moved from congressional debate and voting to speed in project initiation and expenditure. Now the focus is shifting to actual job creation and retention and the influence of ARRA on an economic rebound. Almost inevitably, the focus will shift again as attention turns ultimately to assessing the societal benefits of this massive expenditure benefits beyond jobs and economic stimulation.
To track ARRA progress, the U.S. Office of Management and Budget (OMB)and various federal agencies through which funds are being channeledissued directives on performance reporting. Performance reporting requirements are extensive and weighted heavily toward tallying jobs created and retained, tracking dollars and project status, and ensuring compliance by funds recipients.
So far, much less attention has been directed toward societal benefits or results of the ARRA projects beyond jobs created or retained. The authors of the recent Brookings Institution report, Metro Potential in ARRA: An Early Assessment of the American Recovery and Reinvestment Act, express the imbalance this way: "ARRA's welcome emphasis on transparency tilts too much toward curbing waste, fraud, and abuse and too little on establishing a clear, sensible focus on measuring outcomes."
Such attention will come eventually from the media, as well as from ARRA critics, who will challenge the effectiveness of the stimulus, question whether the program was worth the deficits it has created, and wonder what enduringor even temporary benefits accrued from the jobs created.
An imbalance of attention on spending speed, jobs created or retained, and avoidance
Replica Cartier Watches of embarrassing gaffes might have served the program's interests in the earliest stages of public scrutiny, but it will leave ARRA participants and proponents ill-equipped for the eventual shift to a focus on lasting benefits beyond jobs. Unless uniform outcome measures are established and required, proponents will be forced to rely on anecdotal stories of positive results. It will be impossible to report aggregated and cumulative benefits. Aggregating the effects of stimulus spending will require the identification of a suitable set of outcome measures.
The proposed measures demonstrate the value of local government efforts individually and collectively through the aggregation of individual measures. They will allow government officials to respond to the public's questions with more than an inventory of projects. For an important portion of those projects, they will be able to say much morefor instance, describing the reduction of water losses attributable to water line replacement, the portion of resurfaced roadway last resurfaced in the 1980s or earlier, and the growth in public transit ridership.
As a Manager Should Know Economic Stimulus Management
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