Following passage of the landmark American Rescue Plan, the National Association of Counties is rapidly developing resources to help guide county leaders for the months ahead.
In a major victory for America’s counties, the State and Local Coronavirus Fiscal Recovery Funds legislation, part of the American Rescue Plan Act, was signed into law by President Biden on March 11. The bill includes $65.1 billion in direct, flexible aid to every county in America, as well as other crucial investments in local communities, including $1.5 billion over two years for public lands counties.
The U.S. Department of the Treasury would oversee and administer these payments to state and local governments, and every county would be eligible to receive a direct allocation from Treasury. Municipalities and counties would now receive funds in two tranches – with 50 percent this year and the remaining 50 percent no earlier than 12 months from the first payment. The U.S. Treasury is required to pay first tranche to counties not later than 60-days after enactment, and second payment no earlier than 12 months after the first payment.
NACo’s website has projected allocations for counties from the U.S. Treasury, now that the proposal has been signed into law. The values are informed by the House of Representatives and the Congressional Research Service (CRS). The estimates are not official values from the U.S. Treasury and are subject to change.
NACo will be working closely with Treasury to guide and inform the implementation of this historic legislation as intergovernmental partners.
For more details, visit these resources on the NACo website: