American Rescue Plan
The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill passed by the United States Congress and signed into law by President Biden on March 11, 2021. It is meant to speed up the United States' recovery from the economic and health effects caused by the COVID-19 pandemic. This funding package builds upon the CARES Act from March 2020 and its extension in December 2020.
Funds Coming to Jeffco
The portion of the package that will come into Jefferson County is $186.2 million.
- $113 million to Jefferson County government
- $50.1 million will go directly from the federal government to cities in Jeffco that have a population greater than 50,000 and are CDBG-eligible, which include (amounts based on federal formula):
- Arvada – $11.7 million
- Lakewood – $22.6 million
- Westminster – $15.8 million
- $23.1 million will pass through the state to other cities in Jeffco, including (amounts based on federal formula):
- Bow Mar – $202 thousand
- Edgewater – $1.1 million
- Golden – $4.5 million
- Lakeside – $2 thousand
- Littleton – $10.3 million
- Morrison – $91 thousand
- Mountain View – $115 thousand
- Wheat Ridge – $6.7 million
Timing of Funds
The timing of the funds was laid out by the federal government.
- Funds are to be distributed and spent through the end of 2024
- Jefferson County will receive 50% of the funds in 2021 and the other half in 2022
Current Guidance for Use of the Funds
State and local governments can use the funds to cover costs incurred by Dec. 31, 2024, for certain purposes, including:
- Responding to the COVID-19 public health emergency or its negative economic impacts, including providing assistance to households, small businesses and nonprofits, or aid to impacted industries such as tourism, travel and hospitality;
- Providing premium pay to eligible workers of the government that are performing essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;
- Funding government services to the extent of the reduction in revenue caused by the pandemic; and
- Making necessary investments in water, sewer, or broadband infrastructure.
At this time we are still awaiting further guidance from the U.S. Treasury Department on the use of these funds.