How Large Are the American Rescue Plan Fund Distributions to State and Local Governments?
Whitaker, Stephan; Rosenberger, Grant (2021-09-30)
In March of this year, the American Rescue Plan (ARP) authorized the US Department of the Treasury to distribute $350 billion to state and local governments through the legislation’s Coronavirus State and Local Fiscal Recovery Funds (SLFRF) to help speed the nation’s economic recovery from the COVID-19 pandemic. Since then, candidates and advocates have stepped forward to say what community challenges they will solve with the funds. When we hear that a county is receiving $500 million and a state is receiving $5 billion, both figures sound very large, but what we don’t know is how much ...
Cleveland Fed District Data Brief , Paper 20210930