The American Rescue Plan Act 2021 was signed into law by President Biden on March 11, 2021. This act provides U.S. cities and counties with $130.2 billion through December 31, 2024. The Town of Carrboro will receive $6.75 million as part of this allocation. These funds will be used to help offset revenue losses resulting from the pandemic, as well as fund other community needs.
Specifically, these funds may be used to:
Support public health expenditures, by, for example, funding COVID-19 mitigation efforts, medical expenses, behavioral healthcare, and certain public health and safety staff
Address negative economic impacts caused by the public health emergency, including economic harms to workers, households, small businesses, impacted industries, and the public sector
Replace lost public sector revenue, using this funding to provide government services to the extent of the reduction in revenue experienced due to the pandemic
Provide premium pay for essential workers, offering additional support to those who have and will bear the greatest health risks because of their service in critical infrastructure sectors
Invest in water, sewer, and broadband infrastructure