Treasury, Blog Post (July 2024 Reporting Blog Post)

Summary

Treasury's July 2024 Reporting Data Analysis of the State and Local Fiscal Recovery Funds (SLFRF), using quarterly data through June 30, 2024 and annual reporters' data through March 31, 2024. States and the largest cities and counties reported budgeting 95% of their SLFRF funds to specific projects, and reported projects grew 7% from the previous period. Recipients reported nearly $353 billion in pandemic lost revenue; more than 22,200 governments were budgeting nearly $136 billion of SLFRF funds to replace it, across more than 83,000 projects. Treasury reports that budgets for long-term affordable housing rose 69% to $7.6 billion, supporting more than 31,000 units. Treasury credits the program with preventing severe cuts to public services; its examples come from recipients' own reports.

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State and Local Fiscal Recovery Funds: Supporting Equitable Recovery
and Building Resilience for Stronger Communities
State and Local Fiscal Recovery Funds July 2024 Reporting Data Analysis
President Biden’s American Rescue Plan is helping communities across the country recover from
the COVID-19 pandemic and grow their economies. The State and Local Fiscal Recovery Funds
(SLFRF) program, a major facet of the American Rescue Plan, provides funding to states,
territories, Tribes, and local governments to support economic recovery, job creation, workforce
expansion, and access to safe and affordable housing. Today, the SLFRF program is making a
difference in nearly every community across the country.
In the latest data submitted to the U.S. Department of the Treasury (Treasury), through June 30,
2024, quarterly recipients continue to report progress in executing on their planned uses of SLFRF
award funds. States and the largest cities and counties have reported budgeting 95% of their
total SLFRF funds to specific projects, with the total number of reported projects growing 7%
since the previous reporting period, demonstrating continued steady progress in recipients’
planning for the use of these funds.1
The data continue to show that by helping state and local governments replace lost revenue,
the SLFRF program has helped local leaders avoid steep budget cuts. Using their SLFRF award
funds, governments maintain key services and infrastructure, such as public transportation
connecting workers to jobs and emergency services.2 As of June 30, 2024, SLFRF recipients
reported nearly $353 billion in lost revenue resulting from the pandemic. A significant portion
of this revenue shortfall is being made up for with SLFRF funds. More than 22,200 participating
governments reported that they are budgeting nearly $136 billion in SLFRF funds to help
replace this lost revenue, funding more than 83,000 projects to provide fiscal stability in their
jurisdictions.
The data illustrate that the American Rescue Plan prevented severe cuts to public services and
helped state, territorial, Tribal, and local governments swiftly resume normal operations. In
addition to responding to the immediate aftermath of the pandemic, governments are
investing SLFRF funds to address long-standing structural challenges in the economy that the
pandemic surfaced and exacerbated, especially the need to increase the availability of
affordable housing and invest in their workforces.

1
The U.S. Department of the Treasury continues to publish SLFRF reporting data received from recipients on a rolling basis. This includes the
most recent data submitted by quarterly reporters in July 2024, representing obligations and expenditures through June 30, 2024, which is
available on Treasury’s SLFRF dashboard. The summary statistics in this blog post reflect the quarterly data, as well as the data from annual
reporters submitted in April 2024, representing those reporters’ obligations and expenditures through March 31, 2024. Tribally reported
information is included in aggregate statistics about the SLFRF program (e.g., the total number of governments using funds for a specific eligible
use, total projects reported); however, due to privacy considerations, Treasury does not release complete information on all Tribal projects.
2
State and local governments were forced to cut budgets due to the 2008 Great Recession resulting in reductions in services and slowing the
economic recovery. Remarks by Secretary of the Treasury Janet L. Yellen at National Association of Counties 2023 Legislative Conference | U.S.
Department of the Treasury

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Key SLFRF Investments through June 30, 2024, for State, Local, Territorial, and
Tribal Governments3
Reported Number of Number of
Funds Governments Projects
Category Budgeted Pursuing Reported
Housing: Emergency Aid, Affordable Housing,
$19.5 Billion 994 3,463
Homelessness

Infrastructure: Water, Sewer, and Broadband $35.4 Billion 3,597 17,958

COVID-19 Public Health Response** $11.5 Billion 1,745 6,919

Worker Support: Unemployment Aid, Job
Training, Public Sector Workforce, Essential $13.5 Billion 2,088 4,512
Worker Premium Pay

Small Business Assistance $5 Billion 740 1,751

Childcare and Early Learning $1.3 Billion 278 525
**Includes vaccinations, testing, contact tracing, personal protective equipment, prevention in congregate
facilities, medical expenses, and other public health measures.

The following examples come from data reported by SLFRF recipients to the Treasury Department.4
These examples provide a snapshot of the types of projects that recipients are implementing across key
eligible use categories of SLFRF funds.5

Increasing the Number of Affordable Homes
Investing in and expanding access to affordable homes is a key goal of Treasury and the Biden-
Harris Administration. Governments across the country are using SLFRF award funds to construct
new homes and rehabilitate or repair existing ones. Treasury encourages jurisdictions to consider
using their SLFRF funds to support housing stability, the construction and preservation of new
affordable homes, or to supplement other American Rescue Plan programs aiding renters and
homeowners, such as the Emergency Rental Assistance program and the Homeowner Assistance
Fund. In the summer of 2022, Treasury expanded the flexibility for recipients to use their SLFRF
funds to invest in making homes more affordable. Compared to data from July 2022, SLFRF funds
budgeted for long-term affordable housing stability, preservation, and construction increased by
69% to a total of $7.6 billion, and this funding is supporting more than 31,000 units of affordable
3
This chart includes the most recent project and expenditure reporting received by Treasury for quarterly and annual reporters. Specifically, it
includes data reported by quarterly reporters (states, territories, and metro cities and counties with a population over 250,000 or an allocation
more than $10 million; Tribal governments with an allocation more than $30 million; and non-entitlement units of local government allocated
more than $10 million) through June 30, 2024, and data received from annual reporters (metro cities, counties, and non-entitlement units of
local government with populations less than 250,000 and an allocation less than $10 million, and Tribal governments with an allocation less
than $30 million) through March 31, 2024.
4
The examples included throughout this post are based on recipients’ reports, and their inclusion in this document does not constitute
approval of these projects by Treasury.
5
This analysis includes data from Project and Expenditure reports covering the period ending June 30, 2024. Recipients file either annually or
quarterly based on population and allocation size.

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housing. In March 2024, Treasury announced new guidance to substantially expand the universe
of affordable housing projects presumptively eligible to be funded through SLFRF. As Deputy
Secretary Wally Adeyemo noted in a blog post, this includes housing that meets the needs of
teachers, firefighters, nurses, and other workers increasingly priced out of certain markets. And
in June 2024, Treasury updated its Affordable Housing How-To Guide explaining how recipients
can apply this new guidance in their projects.
Cumberland County, Maine is utilizing over $9 million for a variety of affordable housing efforts.
For example, the county is using $2.5 million to preserve existing affordable housing and $2
million for their Rural Affordable Rental Housing Program. This program is being created to
incentivize the creation of new rental units and to maintain the affordability of existing units.
The State of Connecticut is utilizing $5 million for their Opportunity Village project. This project
is designed to address the need for affordable, accessible, and supportive residential housing and
emergency placement for people with disabilities.
Evansville, Indiana is using $2.5 million for the creation and renovation of apartments. A total
of 59 units will be available to new residents and will serve only those individuals with maximum
incomes of 65% of the area median income.
The State of Maine is obligating $50 million to expand affordable housing options to low- and
moderate-income workers and their families to own or rent. $10 million will be made available
to subsidize the creation of modest single-family homes. The purchase price of these new homes
will be capped, and affordability covenants will be in place. $40 million will be made available to
increase affordable rental opportunities for low-income households in Maine with incomes up to
80% of area median income.
Maricopa County, Arizona is obligating over $19.5 million to acquire and construct a new
multifamily rental community consisting of 45 units. Supportive services will also be provided to
the tenants. The project will benefit low- income families with an annual household income at or
below 60% of the area median income.

Enhancing the American Workforce
Another area of investment of SLFRF funds is supporting and expanding the workforce in
response to the negative economic impacts of the pandemic in communities across the country.
Primary areas of workforce investment include helping impacted workers enter in-demand
careers, with a particular focus on assisting people who face barriers to employment. In addition,
these investments are providing communities with tools and resources to ensure that Americans
can get the skills they need to take advantage of the jobs created by President Biden’s Investing
in America agenda. The Bipartisan Infrastructure Law, the CHIPS and Science Act, and the
Inflation Reduction Act are expanding economic opportunity to urban and rural communities in
every corner of the United States, and the SLFRF program's investments in workforce
development are making sure that those opportunities are available to American workers –
regardless of having a college degree.

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Bristol, Connecticut is awarding $2.4 million for their Bristol In Demand project. The goal is to
create a local workforce development facility that will provide opportunities for industry
recognized trainings designed to meet the in demand economic and workforce needs of the
region. Trainings will be within the four pathways of information technology, health occupations,
manufacturing, and early childhood education. The programs offered are designed to allow
residents to continue working while participating in a new career pathway training program.
The State of Colorado is using over $3.5 million for their Coaching Collaborative program. This
project will provide career navigation and coaching services. The intended outcome of the state’s
workforce spending is to improve the career readiness of all Coloradans, and to increase the
number of Coloradans achieving post-secondary education.
The State of Connecticut is obligating nearly $67 million for the Governor’s Workforce Initiative,
known as CareerConneCT. This program invests in fostering collaborative partnerships to deliver
statewide, short-term training solutions aimed at getting thousands of individuals back to work
or upskilled onto high-quality career pathways.
Perris City, California is using approximately $1 million to construct a 13,722 square foot building
on city-owned property in downtown Perris. The center will house hands-on skills training on the
ground floor, and classroom, computer lab, and office space on the second floor, all intended to
facilitate the full workforce development pipeline into trades-related industries.

Strengthening Small Businesses
SLFRF recipients have invested in a wide variety of programs that support small businesses’ role
as key employers and drivers of local economies, utilizing federal funds to sustain the continued
record growth in small business creation. Through June 30, 2024, governments have budgeted
more than $5 billion for more than 1,700 projects to support small businesses and small business
development.
Cook County, Illinois is obligating over $20 million for their Small Business Assistance program.
The program provides direct business advising services or technical assistance, at no cost, to small
businesses in Cook County and offers one-on-one business advising to Chicago and Cook County
small businesses to help address their unique needs, use new tools, and navigate resources.
The State of Illinois is utilizing over $29 million for grants to businesses and non-profits to
accelerate their economic recovery.
The State of Missouri is allotting approximately $375,000 to the Ozarks Small Business Incubator,
which has been helping small businesses grow across seven rural persistent poverty counties in
southern Missouri. The purpose of this project is to increase the capacity of the organization to
meet the increased demand for business mentoring service by reestablishing their Mentor
Network, adding a Mentor Training Coordinator, holding business startup workshops,

4
collaborating with resource partners, and designing and launching a series of Marketing
Resilience Workshops
The State of Nebraska is allocating $750,000 to engage in a Placemaking Project for COVID-19
recovery focused on revitalizing and supporting public spaces, including farmers' markets and
community gardens, as well as providing additional quality of life improvements through advising
on food and craft art production, mini-grants, and small business training. Examples include
community gardens, youth nutrition and financial education workshops, traditional harvesting
and foraging classes, and beekeeping classes.

Delivering High-Speed Internet Access

SLFRF funds are being invested to strengthen the country’s internet infrastructure by laying fiber
backbone, completing last-mile connections, and prioritizing equitable access to broadband.
These investments provide residents with access to education, health care, government services,
and economic opportunity. As of June 30, 2024, SLFRF recipients budgeted more than $8.4 billion
in SLFRF funds for more than 1,600 broadband internet projects. The SLFRF funds invested in
broadband projects complement the American Rescue Plan’s expansion of affordable highspeed
internet access through Treasury’s Capital Projects Fund, as well as the Bipartisan Infrastructure
Law.
Dunbar, West Virginia is using $500,000 to install a fiber-to-the-home network across the city,
including four dark fiber lines with the installed bundle that will be owned by the city for
exclusively public use. The city has established an all-volunteer collaborative of citizens who will
focus on broad-based initiatives, including infrastructure enhancements for public safety and
internet-inclusive strategies for special-needs populations.
The State of Oklahoma is using over $7 million for broadband investments in southeastern
Oklahoma. The region's challenging terrain, including a low population density and dense
vegetation, presents obstacles to traditional broadband expansion. By using existing assets and
streamlining resources, this project will minimize environmental and financial impact while
delivering high-speed internet access to residents and businesses.
Pierce County, Washington is allocating over $7 million for broadband expansion in the South
Key Peninsula and Nisqually Broadband Incentive Districts. This incentive program will encourage
the development of broadband service in areas of the county designated as Broadband
Development Districts, where broadband internet access service is not currently available or is
limited. The project is estimated to offer broadband internet access service to at least 3,213
homes.

5
Putnam County, West Virginia is utilizing nearly $11 million for the Putnam County Fiber Project.
This project will construct a fiberoptic broadband network designed to provide reliable, high-
speed internet to all residents and business in Putnam County.
The State of West Virginia is obligating nearly $70 million for the West Virginia State Broadband
Initiative. The initiative comprises three award programs. The first program is the Line Extension
Advancement and Development, which will award competitive grants to internet service
providers to expand existing fiber and cable networks. The second program is the GigReady
Initiative. Local governments in West Virginia have also chosen to allocate a significant portion
of their own SLFRF funds to invest in local broadband expansion. The GigReady Initiative will
provide matching state funds for local governments that develop projects to pool their
broadband investments. The third program is Major Broadband Project Strategies, which will
focus on large-scale multicounty projects that require additional resources.

Upgrading Water and Sewer Infrastructure
Recipients may use SLFRF funds to invest in critical water and sewer infrastructure to improve
access to clean drinking water and to support vital wastewater and stormwater projects. To date,
governments have invested $5 billion in more than 2,900 projects to meet their water,
wastewater, and stormwater goals.
The Colony, Texas is awarding nearly $5 million to increase the treatment capacity at Stewart
Creek Waste Water Treatment Plant from 4.5 million gallons per day to 6.3 million gallons per
day. Facilities include an influent pump station with coarse screens, grit removal and fine screens,
activated sludge aeration basins, an aeration blower facility, clarifiers with associated sludge and
scum pumping, cloth media filters, UV disinfection, a new administration building, electrical
building and power distribution, and all associated piping, utilities, paving, and sitework.
Elgin, Illinois is utilizing approximately $4.5 million for their 2024 Lead Service Line Replacement
Program, which will consist of replacement of residential and commercial water service lines that
were constructed with lead-based material. The project also includes approximately 5,300 linear
feet of water main replacement. The service line replacements will include disconnection of the
old service line from the city’s water distribution system and installation of a new copper service
line running from the water main in the street or parkway to the private meter located inside of
the resident’s or business location, and providing water filters for residential use following
construction.
The State of Mississippi is allotting over $14.5 million for a stormwater project in Rankin County.
The project includes bank stabilization and armoring in areas with erosive velocities, erosion
mitigation, restoration of hydraulic capacity, removing vegetation and excess sediment from
detention ponds, improving roadside ditches, restoration of open channels, drainage structure
improvements, replacing degraded culverts, adding roadway pipes, replacing hydraulically
inadequate drainage structures, installation of an upgraded conveyance system, replacement of

6
a stream crossing, floodplain restoration, stormwater detention basin improvements, and other
activities.
The State of Utah is obligating nearly $213 million for the Secondary Water Meter Grant Program.
Utah conducted research and analysis showing that secondary water metering will yield material
improvements in water conservation and piloted this program in local communities. This funding
will be used to expand Utah’s water efficiency initiative and stretches water supplies in several
ways. First, by installing secondary meters, it will reduce outdoor water use through water use
awareness. Second, the statewide “Rip your Strip” program encourages the conversion of grass
park strips to water-wise park strips. Third, the program encourages institutions to convert large
and underused turf areas to waterwise landscaping.
Utah County, Utah is using $10 million for their North Utah County Regional Aquifer Storage and
Recovery project. This project involves a regional plan for implementation of an aquifer storage
and recovery project to help improve and increase the groundwater supply in Utah County. It will
establish several aquifer recharge sites that will facilitate groundwater recharge and act to
preserve and shore up the groundwater supply.

These opportunities are possible because the economy is in a stronger place today as a result of
the American Rescue Plan. Looking forward, Treasury remains focused on ensuring that
recipients can leverage their SLFRF award funds to meet the unique needs of their communities
in ways that will power inclusive and equitable economic growth for decades to come.

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