How States Can Best Use Federal Fiscal Recovery Funds: Lessons …

Jan 18, 2023 · Fiscal Recovery Funds for Localities and Tribal Nations. In addition to the $195 billion for states and the District of Columbia, the Rescue Plan provided $65 billion in Fiscal Recovery Funds to counties, $45.6 billion to larger cities, $19.5 billion to smaller cities, $20 …

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How States Can Best Use Federal Fiscal Recovery Funds: Lessons …

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A Closer Look: States Using Fiscal Recovery Funds For Revenue

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Oct 27, 2022 · Under the American Rescue Plan Act (ARPA) enacted in March 2021, state, local and tribal governments received $350 billion as part of the Coronavirus State and Local Fiscal …

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Tracking How New Jersey Is Spending American Rescue Plan Funds

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Apr 19, 2022 · How New Jersey Can Advance Equity with Remaining Federal Funds. New Jersey’s distribution of the remaining $3 billion in recovery funds must pivot to a strategy that …

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COVID-19 Relief: State And Local Fiscal Recovery Funds Spending …

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Apr 10, 2024 · The Coronavirus State and Local Fiscal Recovery Funds, established under the American Rescue Plan Act of 2021, allocated $350 billion to Tribes, states, the District of …

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Final Rule For Spending Pandemic Fiscal Aid Creates Opportunities …

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Feb 18, 2022 · The Treasury Department’s recently released final rule for how state and local governments, tribal governments, and territories can spend the American Rescue Plan’s $350 …

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FAQs about How States Can Best Use Federal Fiscal Recovery Funds: Lessons … Coupon?

Which states are using the $198 billion fiscal recovery funds?

Every state, the District of Columbia, and Puerto Rico are using the $198 billion in Fiscal Recovery Funds (FRF) created under the federal American Rescue Plan to address the COVID-19 pandemic’s harmful economic and health effects. ...

Can states use fiscal recovery funds?

While there are some restrictions on the use of funds, states have considerable flexibility in deciding how best to address the impacts of the pandemic and support an equitable recovery. Many states and territories have appropriated a substantial share of their Fiscal Recovery Funds. ...

How can States best use federal fiscal funds?

How States Can Best Use Federal Fiscal R... Many states are using these funds constructively: to offset declines in their revenue collections; to address the health, economic, and fiscal impacts of the pandemic and contribute to the economic recovery; and to start new long-term investments to address racial and economic inequities. ...

What are the state and local fiscal recovery funds?

The State and Local Fiscal Recovery Funds are a resource for local communities as they work to take advantage of these new opportunities presented by the Inflation Reduction Act and other historic federal legislation. ...

Which countries have appropriated $1.7 billion of fiscal recovery funds?

In addition, American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands have appropriated $1.7 billion of FRF collectively. (See Figure 3.) Note: The American Rescue Plan gave states $197.8 billion in Fiscal Recovery Funds to combat the effects of the COVID-19 pandemic. ...

Should states use the $25 billion remaining funds?

All offer important lessons for how states should use the more than $25 billion in remaining funds, which will be critical to addressing the pandemic’s ongoing damage and useful for stabilizing state budgets in the event of a recession in 2023. States are making substantial progress in using FRF, our review shows. ...