By LARRY LANNAN
The American Rescue Plan (ARP), the $1.9 trillion in spending recently enacted by Congress, provides local governments money, and Fishers Mayor Scott Fadness says his city is receiving $19.8 million. The mayor wants to work with the city council on how the funds should be spent.
According to Fadness, there are some restrictions in the federal law as to how the money can be spent, and he wants to sift through all the provisions before working with council members on spending the cash.
Fadness
“We are in a very good financial position, so Fishers will not need to use this money to plug holes in our budget,” Fadness told LarryInFishers.
According to national news reports, the local ARP money must be spent by the end of 2024 on certain projects, including:
- Reimbursement and expenses related to the coronavirus pandemic
- Grants to assist small businesses, nonprofits and industries impacted by the pandemic
- Water, sewer and broadband projects
All ARP funds must be spent by the end of 2024 and the money cannot be used to lower taxes or to pay into municipal pension funds.