Gov. Perdue, via Binker
He [state stimulus tsar Dempsey Benton] tells me something that I didn’t know until yesterday, that the rules are such that the money cannot be co-mingled … with state funds…All 50 states will almost have to set up a shadow budget. So if I’m going to use federal recovery funds for daycare slots or for job training, then I’ll have to have two separate accounts. I’ll have to have a North Carolina account and an account that’s unique to the recovery dollars. The strident and stringent requirements … are as complex and convoluted as I’ve ever seen.
Federal money is temporary and comes with strings? Who would have guessed? It is, however, more transparent to have a separate accounting for federal dollars.
