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The city of Corpus Christi is expected to receive $68.77 million of federal funding from the American Rescue Plan.
March 11, President Joe Biden signed the $1.9 trillion COVID-19 relief package, the American Rescue Plan Act of 2021, to spur the struggling economy.
The city is slated to receive the funds in two payments one this month and the second in May 2022. The monies can be used for city costs until Dec. 31, 2024.
City staff identified possible opportunities across all city functions for the funding. They were presented to City Council during its regular meeting Tuesday.
The possible recommendations are $123 million more than the allocated funding the city will receive. City staff will form an action plan with specific projects that will be brought back to council for adoption on June 15 or later this summer.
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Sine Die: Overview of Georgia’s 2022 Fiscal Year Budget
Bolstered by billions of dollars in unprecedented support from the federal government, Georgia lawmakers enacted a state budget for Fiscal Year (FY) 2022 (HB 81) that maintains nearly $850 million in cuts from FY 2020 levels (HB 31), a reduction equivalent to cutting approximately 4 percent of General Funds from the budget.
[1] Due in large part to $90 million in savings from the federal government’s decision to pay a higher-than-usual share of the cost of Georgia’s Medicaid program due to the COVID-19 pandemic, lawmakers were able to restore about half of the cuts made to public education since the pandemic began, with approximately $561 million in cuts from FY 2020 funding levels remaining. Members of the General Assembly also moved $22 million in funding from other state agencies and $15 million from capital projects to restore a total of about $127 million in cuts initially proposed in Gov. Kemp’s executive bud