Minneapolis gets a total of $271 million through the Coronavirus State and Local Fiscal Recovery Fund.
- This is a section of the American Rescue Plan Act (ARPA).
- The money comes in two installments.
- The first installment came in May 2021.
- The second installment comes in May 2022.
- We can use it to cover costs incurred between March 3, 2021 and December 24, 2024.
The first round of revenue replacement and program spending was approved in July 2021. The total amount is $102 million.