What is the American Rescue Plan Act?
The federal American Rescue Plan Act (ARPA) was signed into law in March 2021 to provide significant resources to respond to the COVID-19 public health emergency and its economic impacts.
How much ARPA funding will the city of Aurora receive?
The city of Aurora will receive $65.4 million in one-time direct federal aid, with additional funding provided for programs related to rental and housing assistance.
What is the timeframe for when the funding must be spent?
Funds will be available until Dec. 31, 2024, and dedicated funding may be spent until Dec. 31, 2026.
What kinds of things may ARPA monies be used to fund?
Funding may be used for the following:
• To respond to the public health emergency or its negative economic impacts, including assistance to households, small businesses and nonprofits, or aid to impacted industries, such as tourism, travel and hospitality
• To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers
• To make up for lost revenue due to the COVID-19 public health emergency—relative to revenues collected in the most recent full fiscal year prior to the emergency—to fund government services
• To make necessary investments in water, sewer or broadband infrastructure
There are a couple of areas that the funds may not support. What are they?
Funds may not be used for pensions or to offset losses in revenue that are due to reductions in tax rates.