Phoenix is working on ways to spend $ 416 million from the American rescue plan, also known as the COVID-19 stimulus package.
There are conditions associated with the federal money: Phoenix can help people and organizations suffer economically in order to cover pandemic costs for important public employees and to invest in water, sewage or broadband infrastructure.
During a meeting on Wednesday, city council members will discuss their priorities, including more funding for homelessness, rental and utility assistance, and small business grants. The council will also consider giving money to the Phoenix Convention Center and the rental car facility at Sky Harbor Airport to make up for lost revenue last year.
Phoenix expects two payments over a 12-month period, with the first payment of $ 208 million expected by mid-May at the latest. Current federal guidelines state that money may only be used to cover COVID-19 expenses incurred between March 3, 2021 and December 31, 2024.
According to an information leaflet from the US Treasury Department, the US bailout plan provides for $ 21.6 billion for states, territories and local governments. It includes a minimum of $ 152 million for each state and District of Columbia, and $ 2.5 billion for payments to “High Needs Grant recipients.” Income tenants and rental market costs. “
In 2020, Phoenix received $ 293 million in government coronavirus aid funding.
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