Lansing utilizing $26.5M of federal cash to cowl income losses

Rivai H Tukimen

The COVID-19 pandemic despatched municipal budgets throughout the nation right into a tailspin.

In an effort to assist native governments deal with the income shortfalls, final 12 months, the federal authorities handed a one-time, $1.9 trillion COVID-19 reduction invoice often called the American Rescue Plan Act (ARPA). 

In whole, Lansing will obtain $49 million in federal reduction cash, however as the town contends with ongoing monetary challenges and income loss, it stays unclear if this unprecedented federal bailout might be sufficient to rescue the town’s funds. 

“We have now to have a look at each attainable consequence and provide you with options for the ways in which it may go,” mentioned Emily Linden, a finances analyst for the town of Lansing. “We actually simply do not know what the long run holds.” 

https://www.lansingstatejournal.com/story/information/2022/04/25/lansing-using-26-5-m-federal-money-cover-revenue-losses/7412056001/

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