Posted by
Miguel Diocuore Ph.D. on Sunday, November 08, 2009 8:25:30 AM
''...about 500 California employers receiving stimulus funds reported creating work for less than $15,000 per job. California State University is the largest example of this – it spent about $10,000 per job. In another example, the state Employment Development Department reported creating the equivalent of about 12,000 jobs for around $7,000 apiece.''
Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably never were in danger, a Bee review has found.
California State University officials reported late last week that they saved more jobs with stimulus money than the number of jobs saved in Texas – and in 44 other states.
In a required state report to the federal government, the university system said the $268.5 million it received in stimulus funding through October allowed it to retain 26,156 employees.
That total represents more than half of CSU's statewide work force. However, university officials confirmed Thursday that half their workers were not going to be laid off without the stimulus dollars. http://www.sacbee.com/topstories/story/2309303.html