Home Essential support Century receives first half of $ 924,576 in US bailout funds: NorthEscambia.com

Century receives first half of $ 924,576 in US bailout funds: NorthEscambia.com

0


Century received the first half of $ 924,576 from the American Rescue Plan.

The first half of the town’s price was $ 462,288. The second half will arrive in about a year.

To date, the city council has not discussed how to spend the money, but there is plenty of time to decide. All funds must be allocated by December 31, 2024 and all expenses must be completed by December 31, 2026.

The funds provide eligible governments such as Century with a substantial infusion of resources to meet pandemic response needs and rebuild a stronger, more equitable economy as the country recovers from the COVID-19 pandemic. According to the US Treasury, the funds can be used to:

  • Support public health spending, for example by funding COVID-19 mitigation efforts, medical spending, behavioral health care, and some public health and safety staff
  • Address the negative economic impacts caused by the public health emergency, including the economic harm to workers, households, small businesses, affected industries and the public sector
  • Replace lost revenue from the public sector, using this funding to provide government services to the extent of the revenue reduction suffered as a result of the pandemic
  • Offer a wage premium to essential workers, offering additional support to those who have and will bear the greatest health risks due to their service in critical infrastructure sectors
  • Invest in water, sewage and broadband infrastructure, making the investments needed to improve access to drinking water, support vital wastewater and stormwater infrastructure, and expand access to water. ” Broadband internet

Within these general categories, recipients have a great deal of latitude in deciding how best to use this funding to meet the needs of their communities.

Escambia County will receive a total of $ 61.7 million from the US bailout. The county received the first payment of around $ 30.9 million and the second payment will arrive in 2022.