Page 18 - Recovery Programs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The stimulus money cannot legally be used to subsidize new state tax cuts. Here's What You Need to Remember: CNBC lists legal uses for the money by state and local governments as “supporting public health expenditures, addressing the negative economic impact caused by Covid-19, replacing lost public-sector revenue or investing in water, sewer and broadband infrastructure.” The Treasury Department earlier this week officially launched the Coronavirus State and Local Fiscal Recovery Funds, a $350 billion fund allocated by the American Rescue Plan stimulus package back in March. It also la...

Among states, California will receive $27 billion, Texas will get $15.8 billion, and New York is receiving $12.7 billion. The District is receiving about $1.8 billion. Treasury Secretary Janet Yellen said the states and localities can use the money, part of the American Rescue Plan signed into law in February, to “fill revenue shortfalls” and support communities hardest hit by the pandemic. “With this funding, communities hit hard by COVID-19 will able to return to a semblance of normalcy; they’ll be able to rehire teachers, firefighters and other essential workers — and to help sma...

U.S. Department Of The Treasury Launches Coronavirus State And Local Fiscal Recovery Funds To Deliver $350 Billion - Aid To State, Local, Territorial, And Tribal Governments Will Help Bring Back Jobs, Address Pandemic’s Economic Fallout, And Lay The Foundation For A Strong, Equitable Recovery Date 10/05/2021 Today, the U.S. Department of the Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion in emergency funding for state, local, territorial, and Tribal governme...

Biden to deliver remarks on newly launched Restaurant Revitalization Fund President Joe Biden on Wednesday is set to promote the newly launched Restaurant Revitalization Fund, which was established to help struggling restaurants and other eligible businesses keep their doors open during the coronavirus pandemic, according to a White House official. Applications for the program opened on Monday. The $28.6 billion fund was established as part of the $1.9 trillion Covid-19 relief bill the President signed into law earlier this year. The President will provide an update on his administration’s ...

Biden promotes newly launched Restaurant Revitalization Fund: ‘Restaurants are the gateway to opportunity’ President Joe Biden on Wednesday promoted the newly launched Restaurant Revitalization Fund, which was established to help struggling restaurants and other eligible businesses keep their doors open during the coronavirus pandemic. “Restaurants are more than a major driver of our economy, they’re woven into the fabric of our communities,” Biden said in a speech at the White House. The President continued: “And so for many families, restaurants are the gateway to opportunity, a...