Treasury opens portal for counties to receive Fiscal Recovery Funds
Author
Eryn Hurley
Upcoming Events
Related News
On May 10, the U.S. Department of Treasury released guidance on the State and Local Coronavirus Fiscal Recovery Fund (Recovery Fund), part of the American Rescue Plan Act. The bill includes $65.1 billion in direct, flexible aid to every county in America, as well as other crucial investments in local communities. Additionally, the U.S. Treasury opened the new portal that counties must complete to receive Fiscal Recovery Funds.
Since the package was signed into law, NACo has been supporting the U.S. Treasury’s efforts to successfully implement the Recovery Fund. Included in the guidance is the flexibility to use Recovery Funds to invest in broadband infrastructure, services and programs to contain and mitigate the spread of COVID-19, including capital investments in public facilities, investments in housing and neighborhoods and other guidance counties advocated for.
NACo will release an in-depth analysis of Treasury’s new guidance in the coming days.
Resource
COVID-19 Recovery Clearinghouse
Related News
NACo Releases new SALT deduction data for 2022 showing why relief is necessary
On June 11, NACo released profiles of the State and Local Tax deduction, illustrating the percentage of tax returns in a county with itemized deductions in 2022.
U.S. Supreme Court issues unanimous decision in landmark National Environmental Policy Act case
On May 29, the U.S. Supreme Court issued a unanimous decision in Seven County Infrastructure Coalition v. Eagle County, Colorado that will reshape requirements for National Environmental Policy Act (NEPA) environment impact statements.
County Countdown – June 3, 2025
Every other week, NACo's County Countdown reviews top federal policy advocacy items with an eye towards counties and the intergovernmental partnership. This week features sanctuary jurisdictions, the TAKE IT DOWN Act and more.