U.S. Infusion to States and Cities Already Totals $105 Billion
- Federal government launched the massive aid program May 10
- Treasury Department says 1,500 entities received funds already
Photographer: Saul Loeb/AFP/Getty Images
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The U.S. Treasury Department has already doled out $105.3 billion of aid to state and local governments from President Joe Biden’s $350 billion relief package for them under the American Rescue Plan legislation.
That means the federal government has handed out about 30% of the Coronavirus State and Local Fiscal Recovery Funds to more than 1,500 entities since it was launched on May 10, according to a statement from the Treasury Department Thursday.