SACRAMENTO – Gov. Arnold Schwarzenegger has launched a new Web site to ensure transparency and accountability of federal economic stimulus funding as it is received and expended by the state of California.

The new site can be found at www.recovery.ca.gov.

The launch happened on March 13, the day after Schwarzenegger administration officials attended a White House conference on federal economic stimulus in Washington, DC.

The Web site will provide Californians with new tools to monitor ongoing American Recovery and Reinvestment Act activity and provide up-to-date information about how and when their federal tax dollars are spent.

As information becomes available, the Web site will also post the geographic distribution of expenditures through the use of digital mapping technology.

“We are working hand-in-hand with President Obama to help put Californians back to work and revitalize our economy,” Schwarzenegger said. “We are fighting for every federal stimulus dollar – and will work to ensure each dollar is spent effectively and with transparency and accountability.”

In addition to providing information on federal funds as they are received and expended, the Web site will also be used by the state to fulfill federal reporting requirements. The American Recovery and Reinvestment Act requires states and other grantees to report project status, spending, and job creation and retention to the public on a regular basis.

Reporting included on the Web site will also include announcements for grant competitions, allocations of formula grants and awards of competitive grants. The President’s Council of Economic Advisors will report quarterly on the estimated impact on employment and economic growth.

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