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There is great news for Palo Alto and all of Iowa s counties. During these tough times, governors and local leaders have made bipartisan requests for federal assistance. High unemployment due to the pandemic caused a decline in … ....
Counties To Receive Federal Assistance With New COVID Recovery Legislation By Staff | Apr 20, 2021 To the Editor: There is great news for Palo Alto and all of Iowa’s counties. During these tough times, governors and local leaders have made bipartisan requests for federal assistance. High unemployment due to the pandemic caused a decline in income tax revenues and reduced economic activity lowered sales tax revenues. Now, help is on the way. The State and Local Coronavirus Fiscal Recovery Funds legislation, a part of the American Rescue Plan Act, was signed into law by President Biden on March 11. It is estimated by the National Association of Counties that Palo Alto will receive $1.7 million. The U.S. Treasury will oversee payments, which are based on population, and every county is eligible. The Treasury will pay the first portion in May, and the second payment not sooner than 12 months after that. ....