Among the $1.9 trillion worth of federal COVID-19 relief in the newly signed American Rescue Plan Act is $350 billion for “Coronavirus State and Local Fiscal Recovery Funds.”
For many cities and counties, the American Rescue Plan’s (ARP) state and local funds are not just a $350 billion lifeline; they represent the largest positive fiscal jolt to their budgets in decades.
The stakes are high. The money needs to move fast and be deployed smartly, effectively and equitably. In 10 years, we may look back at this time and ask: Which places merely spent their money, and which places invested it? And how will your jurisdiction be remembered?
Watch our live Q&A session where we answered questions on the approved ways to spend this money and a discussion on the formula to invest the funds in ways that will support your community and bring additional revenue in for years to come.
Approved Ways to Invest ARPA Funding from Retail Strategies on Vimeo.