From the summary:
The mammoth $787 billion stimulus legislative package passed in February 2009 included $280 billion in programs and projects administered through states and localities. Officially known as the American Recovery and Reinvestment Act of 2009, this initiative is an intergovernmental partnership of historic scale. Now that the first projects have been funded, the debate has shifted to judging the effectiveness and the outcomes from the investment.
Questions remain about the effects of the stimulus and whether we have developed the right way to catalog and assess the outcomes of our government expenditures. A new paper from ICMA provides a framework to the challenge of evaluating such investments. Measuring the Results of Economic Stimulus Investments: Local Government Leading the Way proposes that local governments rely upon uniform outcome measures that draw upon commonly collected data at the local level and offers specific metrics to help evaluate related outcomes.