Real Estate Sales & Rental Info At And Around Bearings South in Old Town Alexandria VA

Use Of American Rescue Plan Act Funding Considered By Alexandria

The City of Alexandria is considering uses for American Rescue Plan Act federal funding and will hold virtual meetings on potential projects and programs. The $1.9 trillion American Rescue Plan Act of 2021 signed by President Joe Biden in March includes $130.2 billion to local governments for COVID-19 pandemic recovery. The funding Alexandria will receive isn't finalized yet, but the city expects an allocation between $30 million and $60 million. According to patch.com, "American Rescue Plan Act funds may be used to respond to the COVID-19 public health emergency or its economic impacts, to provide government services to the extent of reduced revenue due to COVID-19, or to make necessary investments in water, sewer, or broadband infrastructure. Funds must be used by December 31, 2024." As per patch.com, "The city is gathering public input to inform a two-part draft spending plan for the federal funding. The first part of the plan will address spending of funds received in 2021, and the second part will be developed in fall 2021 to address the second allotment of funds expected in 2022. City Council will consider the first phase of the spending plan on July 6. Alexandria City Public Schools will receive its own allocation of federal funding, so school projects will not considered under the city process."

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