Treasury releases Local Assistance and Tribal Consistency Fund payments to eligible consolidated city-county governments

Key Takeaways

On February 21, the U.S. Department of Treasury (Treasury) launched the Local Assistance and Tribal Consistency Fund (LATCF) for eligible city-county governments. The LATCF provides $10.5 million distributed in two equal payments of $5.3 million for FYs 2023 and 2024 to “eligible revenue sharing consolidated governments” under the American Rescue Plan Act (ARPA).  This investment in consolidated governments follows the historic allocation of $1.5 billion in LATCF payments to 2,084 eligible counties.

Treasury has published a summary of the methodology used to determine eligibility and allocations for both eligible revenue sharing counties and eligible revenue sharing consolidated governments on its website.  A list of all consolidated governments eligible for LATCF payments can be found below:

Treasury’s online portal provides application instructions and information on specific funding levels for each eligible consolidated government. It will take approximately four to five business days for Treasury to review and process payment applications. Each recipient’s designated point of contact will receive further information on the timing and amount of the first payment.  

Eligible revenue sharing consolidated governments must certify their payments by March 15, 2023 at 11:59 PM AKDT. The first payment will be available immediately and will be made to eligible recipients on a rolling basis. Treasury expects to make the second payment in calendar year 2023.

Under this program, recipients have broad discretion on how funds are utilized, similar to how they may use funds generated from their own revenue sources. Recipients can review the LATCF Eligibility and Allocation Methodology for County and Consolidated Governments to learn more about eligibility for the program and Treasury’s allocation methodology and the LATCF guidance to learn more about eligible uses and other important information related to the fund.