On May 10, the U.S. Department of the Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion in emergency funding for eligible state, local, territorial, and Tribal governments.
This funding is supposed to be distributed until 2024.
SUPPORT PUBLIC HEALTH EXPENDITURES:
By funding COVID-19 mitigation efforts, medical expenses, behavioral healthcare, and certain public health and safety staff.
ADDRESS NEGATIVE ECONOMIC IMPACTS CAUSED BY THE PUBLIC HEALTH EMERGENCY
Including economic harms to workers, households, small businesses, impacted industries, and the public sector.
REPLACE LOST PUBLIC SECTOR REVENUE
Using this funding to provide government services to the extent of the reduction in revenue experienced due to the pandemic.
PROVIDE PREMIUM PAY FOR ESSENTIAL WORKERS
Offering additional support to those who have borne and will bear the greatest health risks because of their service in critical infrastructure sectors.
INVEST IN WATER, SEWER, AND BROADBAND INFRASTRUCTURE
Making necessary investments to improve access to clean drinking water, support vital wastewater and storm water infrastructure, and to expand access to broadband internet.