Streetsboro prepares to receive federal stimulus money

[ad_1]

Streetsboro welcome sign.

A fund in the city’s budget has been created in anticipation of federal dollars being allocated to Streetsboro.

Streetsboro City Council voted Monday evening to allow the creation of a “Local Fiscal Recovery Fund” in anticipation of financial assistance from the American Rescue Plan Act.

More:Council may extend DORA curfew for Heritage Festival

More:New, bigger Historic South End signs to be added in Kent neighborhood

More:Baskets meant to help, support families grieving a miscarriage donated to UH Portage

Finance Director Jenny Esarey said the city expects to receive around $3.4 million over a two-year period. Streetsboro anticipates receiving around $1.7 million in 2021 and a similar amount in 2022 as well.

The 2021 act is a $1.9 trillion economic COVID-19 stimulus package that was signed into law in mid-March. ARPA provides additional relief to address the continued impact of the pandemic on the country. Through it, $350 billion is being provided to state and local governments.

[ad_2]

Source link

Leave a Comment