On March 11th, President Biden signed into law the American Rescue Plan Act of 2021. This $1.9 trillion stimulus package is a huge victory for NYCOM and our members as the Plan includes $360 billion in direct financial relief for state and local governments, including $65 billion for America's cities, villages and towns, as well as $65 billion for counties. While the new law outlines the allocation process and authorized use of funds, the U.S. Department of the Treasury is charged with issuing related regulations, guidance and allocation amounts. On May 10th, Treasury began to post this critically important information on the State and Local Fiscal Recovery Fund webpage. Below you will find important resources from Treasury, NYCOM and others to assist cities and villages in using these funds in ways that will support a sustainable economic recovery from the COVID-19 pandemic.
GENERAL INFORMATION AND ELIGIBLE USES
INFRASTRUCTURE -- ELIGIBLE USES
COMPLIANCE AND REPORTING