Pascrell Announces Over $500 Million in Pandemic Recovery Funds for North Jersey
Federal haul will help local governments restore jobs, address pandemic’s economic fallout
U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) today announced the allocation of hundreds of millions in federal COVID-19 recovery funds for New Jersey’s Ninth Congressional District. The funds will be provided through the U.S. Treasury Department’s Coronavirus State and Local Fiscal Recovery Funds program. The program was created by the historic American Rescue Plan that was passed by Congress and signed into law by President Biden to provide emergency funding for local governments as they grapple with budget gaps and recover from COVID-19.
“The health and economic impacts of COVID-19 have devastated our communities and bled local governments into bankruptcy. Continuing budget shortfalls are putting countless teachers, first responders, and other essential worker’s jobs in dire jeopardy. Thanks to the American Rescue Plan passed by Congress and signed into law by President Biden, billions of dollars of federal aid are available to keep our state and local governments alive,” said Rep. Pascrell, who helped pass the American Rescue Plan which established this recovery program. “Bold government action like this is a rejection of the dogma that only government by starvation works. It is proof positive that the government can – and will – do positive good in our lives. I am proud of it. As always, my office is here to help as these funds are allocated and we will remain in close contact with Treasury as the rollout of this and future programs continues.”
Breakdown of funds for New Jersey’s Ninth Congressional District:
City of Passaic: $31,131,607
Bergen County: $261,035,747
Hudson County: $130,604,069
Passaic County: $97,473,818
*Other NJ09 town allocations will be announced in the coming days.
The Coronavirus State and Local Fiscal Recovery Funds program will provide substantial flexibility for each jurisdiction to meet local needs – including support for households, small businesses, impacted industries, essential workers, and the communities hardest-hit by the crisis. Within the categories of eligible uses listed, recipients have broad flexibility to decide how best to use this funding to meet the needs of their communities. In addition to allowing for flexible spending up to the level of their revenue loss, recipients can use funds to:
Eligible states, cities, counties, Tribes, and territories can now request their funds from Treasury through the Treasury Submission Portal. For an overview of the Coronavirus State and Local Fiscal Recovery Funds program including an expanded use of eligible uses, see the fact sheet released today. For additional details on the state, local, territorial, and Tribal government allocations, see the full list here.