(The Center Square) – States and local governments continue to spend the $350 billion given out by the federal government during the COVID-19 pandemic.
A Congressional watchdog report found that states have obligated 84% ($163.7 billion) and spent 60% ($117.3 billion) of the Coronavirus State and Local Fiscal Recovery Funds as of March 31, the most recent data available. Local governments reported obligating 76% ($95.8 billion) and spending 60% ($75.8 billion) of the awards during the same period.
State and local governments that got SLFRF money through the American Rescue Plan Act of 2021 must obligate the money by Dec. 31, 2024, and generally have until Dec. 31, 2026, to spend it.
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Author: Paul Bedard
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