Cities Across the U.S. Prepare for Federal Aid Funds From COVID-19 Relief Package

Mayors across the U.S. are preparing to spend a huge influx of federal aid that was provided in the coronavirus relief package that President Biden signed into law in March. For many smaller cities, their share of the approximately $130 billion in local recovery funds will be the first direct federal assistance received since the pandemic began in early 2020. The law sets a target for the Treasury Department to deliver the first half of the local aid payments within 60 days of when the legislation was enacted, which will be May 10, 2021. An earlier relief law, the CARES Act, sent aid only to states and larger localities. Some common local priorities, according to the U.S. Conference of Mayors, include transitioning into the post-COVID era and addressing climate change and equity issues. Mayors are also looking at using the funds for both immediate priorities, like filling budget holes left by declines in tax revenue and providing assistance to struggling businesses, as well as longer-term initiatives focused on job training and housing. For more information on estimated local allocations in the American Rescue Plan, the National League of Cities’ fact sheets can be found here

Copied from ASHRAE GAU News Page