The stimulus invoice funds native governments
The US Congress on Tuesday handed the $ 1.9 trillion US bailout bundle, which, amongst different provisions, will present direct funding to state and native governments.
In keeping with Congressional Report Service estimates, Nevada County is predicted to obtain $ 19.35 million in direct funding. Placer County will obtain greater than $ 77 million.
The funding allocation is proportional to a jurisdiction’s inhabitants and roughly matches the quantity the county would have obtained from final yr’s stimulus bundle, had it not been weighted in favor of the bigger counties. .
The invoice has but to be signed by President Joe Biden, however it’s anticipated to take action by Friday.
Supervisory board chairman Dan Miller stated the funding could be break up into two allocations, with the second tranche coming one yr after the primary.
The funds can be utilized to reply to the coronavirus pandemic, which incorporates offering help to households, small companies and non-profit organizations; help to affected industries; offering authorities providers which were reduce because of misplaced income because of the pandemic; and put money into water, sewer or broadband infrastructure.
It will also be used to supply “premium” compensation to public servants who carry out important work, or subsidies to employers whose staff carry out important work.
The invoice additionally gives funding for cities based mostly on inhabitants, which document congressional estimates would allocate $ 3.15 million to Truckee, $ 2.41 million to Grass Valley and $ 590,000 to Nevada Metropolis.
Grass Valley, Nevada Metropolis and Truckee every obtained $ 158,846, $ 50,000 and $ 200,369, respectively, from the state final yr.
Grass Valley mayor Ben Aguilar stated on Tuesday that metropolis council would overview priorities for utilizing the funds at its subsequent assembly.
The county won’t obtain funding from a further pot reserved for metropolitan cities with greater than 50,000 residents.
In keeping with the invoice, jurisdictions can anticipate their first fee roughly 60 days after the bill is signed. The funds are for use by the top of 2024.
To contact editor John Orona, electronic mail [email protected] or name 530-477-4229.