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How much will Colorado, local municipalities receive in the American Rescue Plan?
Dept. of Treasury released allocations, guidance on Monday
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David Zalubowski/AP
Reflected in a puddle left from melted snow, pedestrians wear face masks while walking through Larimer Square late Tuesday, Jan.5, 2021, in Denver. (AP Photo/David Zalubowski)
and last updated 2021-05-11 16:33:44-04
DENVER â The U.S. Department of the Treasury released the allocations and spending guidelines for the $5.7 billion that will soon be headed to Colorado and its local governments as part of the American Rescue Plan.
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Cities Facing the Biggest Revenue Losses Due to COVID-19
By Elona Neal, Stacker News
On 2/7/21 at 8:00 AM EST
COVID-19 took the world by storm in 2020, and the virus brought with it financial hardships and an economic recession all over the United States. Cities across the country banded together to mandate stay-at-home orders and required the use of masks in an effort to flatten the curve and prevent the further spread of the virus. As a result, many small businesses took some of the biggest hits financially and were forced to close either temporarily or permanently. In addition, the country has seen an inconsistent wave of regulations that differ from city to city. The United States currently has a total of 6.2 million reported cases of the coronavirus so far, and over 185,000 have died from the virus.
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