ABSTRACT

General State and Local Fiscal Assistance and COVID-19: Eligible Purposes, Allocations, and Use Data [December 16, 2021]   [open pdf - 1MB]

From the Summary: "The sudden decline in economic output following the Coronavirus Disease 2019 (COVID-19) outbreak has significantly altered the fiscal outlook for state and local governments, which generally balance their operating budgets every one or two years. In an effort to mitigate adverse fiscal consequences for these governments and the economic activity they support, Congress provided two rounds of general fiscal assistance to state and local governments during the COVID-19 crisis. The first round of general assistance provided a total of $150 billion through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136), which was signed into law in March 2020. The second round of assistance was enacted in the American Rescue Plan Act of 2021 (ARPA; P.L. 117-2), signed into law in March 2021, and delivered a total of $362 billion in general assistance payments."

Report Number:
CRS Report for Congress, R46990
Author:
Publisher:
Date:
2021-12-16
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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