River Forest will receive $1.3M from the federal American Rescue Plan in pandemic-related relief, according to a press release from the village on March 17.
The funds, allocated by the federal government, can be used to support a variety of initiatives and programs that have struggled or suffered due to the COVID-19 pandemic.
“While the village maintains a sound financial position,” reads the release, “the funds allocated for River Forest will assist in covering unplanned pandemic-related expenses that are not eligible for other forms of relief funds, as well as replacing lost revenue due to the pandemic.”
“These vital funds will help to put us in a position to be able to hold the line on future taxes,” said President Cathy Adduci. “These funds will allow the village to provide our small businesses with relief due to the ongoing pandemic.”
Discussions with the business community will be occur “in coming weeks,” said the release.
The American Rescue Plan (ARP) was signed into law by President Joe Biden on March 12 and provides $1.9 trillion in COVID and other relief including to state and local governments in direct stimulus payments. Funding received by municipalities with populations of less than 50,000 residents is capped at 75 percent of the municipality’s pre-pandemic budget as of Jan. 27, 2020. Funding can be used for pandemic-related costs, such as public health emergency responses and assisting businesses impacted by COVID-19.