St Paul $166,641,623.00
Woodbury $6,012,584.00 With this funding, communities hit hard by COVID-19 will be able to return to a semblance of normalcy; they ll be able to rehire teachers, firefighters and other essential workers – and to help small businesses reopen safely, said Treasury Secretary Janet Yellen in a statement.
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The emergency funding for local governments was established by the American Rescue Plan Act of 2021. The funds are meant to be used to respond to acute pandemic-response needs, fill revenue shortfalls among state and local governments, and support the communities and populations hardest-hit by the COVID-19 crisis, according to the Treasury.
During the Great Recession of 2007-2009, when cities and states were facing similar revenue shortfalls, the federal government didn t provide enough aid to close the gap, Yellen said.
St Paul $166,641,623.00
Woodbury $6,012,584.00 With this funding, communities hit hard by COVID-19 will be able to return to a semblance of normalcy; they ll be able to rehire teachers, firefighters and other essential workers – and to help small businesses reopen safely, said Treasury Secretary Janet Yellen in a statement.
Subscribe
The emergency funding for local governments was established by the American Rescue Plan Act of 2021. The funds are meant to be used to respond to acute pandemic-response needs, fill revenue shortfalls among state and local governments, and support the communities and populations hardest-hit by the COVID-19 crisis, according to the Treasury.
During the Great Recession of 2007-2009, when cities and states were facing similar revenue shortfalls, the federal government didn t provide enough aid to close the gap, Yellen said.
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Barnstable is set to receive $7.69 million. Barnstable was among 38 Massachusetts municipalities allocated financial support through the support program. (Shutterstock)
BARNSTABLE, MA The U.S. Department of Treasury on Monday released a breakdown of what kind of financial help communities can expect from the $350 billion Coronavirus State and Local Fiscal Recovery Funds.
Barnstable is set to receive $7.69 million. Barnstable was among 38 Massachusetts municipalities allocated financial support through the support program. With this funding, communities hit hard by COVID-19 will be able to return to a semblance of normalcy; they ll be able to rehire teachers, firefighters and other essential workers – and to help small businesses reopen safely, said Treasury Secretary Janet Yellen in a statement.
Days after the US once again put India on its currency manipulator watchlist, India’s commerce secretary Anup Wadhawan on Tuesday said the move is an intrusion of the policy space of the Reserve Bank of India (RBI). “I personally don’t understand its rationale or economic logic,” Wadhwan said, adding that India’s central bank is not accumulating reserves and its activity in the foreign exchange market is ‘perfectly balanced’. “These are in my view a legitimate market based operations of a central bank. It is a mandate of the central bank to provide stability in the currency, as a result of which central banks buy and sell foreign currency. Our overall reserves have been fairly steady at $500-600 billion. We are not accumulating reserves. We have a steady pattern of reserves that fluctuates, based on market based transactions. The central bank’s activity in the foreign exchange market has been perfectly balanced and completely legitimate and within the accepted