American Rescue Plan: Bronx, Queens to Receive Hundreds of Millions

 New York Congresswoman Alexandria Ocasio-Cortez voted for the American Rescue Plan Act of 2021 which is about to pump millions
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Photos: YouTube\Twittr

Washington, D.C.— New York Congresswoman Alexandria Ocasio-Cortez voted for the American Rescue Plan Act of 2021 which is about to pump millions into the Bronx and Queens.

The Treasury Department announced that The Bronx and Queens will soon receive $275.47 million and $437.785 million, respectively, as part of the critical funding for states and localities that was passed by Congress in the American Rescue Plan Act of 2021.

Representative Alexandria Ocasio-Cortez (NY-14) voted in support of the bill, which will also send $4 billion to New York City and $12 billion to the State.

The Coronavirus State and Local Fiscal Recovery Funds may be used for infrastructure, including expanding internet access and improving drinking water; for public health efforts to stop community spread of COVID-19; to support workers and small businesses who lost income due to the pandemic or whose employment continues to place them at elevated risk of contracting the pandemic; and to replace lost tax revenue, among other uses.

According to the Treasury Department, "Local governments should expect to receive funds in two tranches, with 50% provided beginning in May 2021 and the balance delivered 12 months later. States that have experienced a net increase in the unemployment rate of more than 2 percentage points from February 2020 to the latest available data as of the date of certification will receive their full allocation of funds in a single payment; other states will receive funds in two equal tranches."

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