The U.S. Department of the Treasury released its 437-page final rule governing State and Local Fiscal Recovery Funds provided through the American Rescue Plan Act (ARPA). Although the final rule will not take effect until April 1, 2022, cities may take advantage of the final rule’s flexibilities and simplifications before the effective date.
Among the most impactful changes, cities can use a standard allowance of up to $10 million for their revenue loss. Cities with total allocations above $10 million can use a higher assumed growth rate for the revenue loss calculation.
KLC Executive Director/CEO J.D. Chaney, Director of Municipal Law Morgain Patterson, and Research & Federal Relations Manager Joseph Coleman will run through all the new changes and provide guidance on how the final rule impacts cities.
Who should attend: Finance personnel, city attorneys, city managers/administrators, city clerks, mayors, commissioners and council members
Credit: 1.5 hours of City Officials Training Center credit and/or Training Incentive Program (House Bill 119) credit.
This webinar is free for KLC members.
KLC Member: $0
Non-Member: $50
More info coming soon!
The Kentucky League of Cities serves as the united voice of cities by supporting community innovation, effective leadership and quality governance.
