Montana set to receive $900 million in federal relief funding
(The Center Square) – The state of Montana is set to receive $906 million in federal funding as part of the “American Rescue Plan” passed by Congress earlier this year.
The funding, according to the U.S. Department of Treasury, can be used for a variety of pandemic-related reasons, including to support COVID-19 response efforts; replace tax revenue lost because of government-mandated restrictions put in place to slow the spread of the respiratory disease; support state and local economies including businesses; and other related purposes.
Montana’s funding is part of $350 billion being released to state and local governments as part of the rescue plan.
“Today is a milestone in our country’s recovery from the pandemic and its adjacent economic crisis,” Teasury Secretary Janet L. Yellen said in a statement. “With this funding, communities hit hard by COVID-19 will able to return to a semblance of normalcy; they’ll be able to rehire teachers, firefighters and other essential workers – and to help small businesses reopen safely.”
Disclaimer: This content is distributed by The Center Square
