President Joe Biden signed the $1.9 trillion American Rescue Plan into law on Thursday, which includes $350 billion funding for state and local governments.
New Jersey is expected to receive $9.4 billion in federal aid. $6.4 billion for the state and $2.9 billion for counties and every municipality in the state. The funding for local governments will be distributed in two tranches, 50% now and 50% in 12 months.
The League’s recent American Rescue Plan blog post has more details on the package. The League held a free virtual briefing on new federal law earlier today. The presentation is available online and the video of the briefing will be posted online early next week. The White House created a webpage to help people navigate the benefits of the law.
Contact: Paul Penna, Legislative Analyst, firstname.lastname@example.org, 609 695-3481, x110.