As previously reported, the U.S. Treasury released its final rule for the American Rescue Plan funding last week. PSATS staff are currently analyzing the 400-plus-page final rule in preparation for the virtual town halls scheduled for next Thursday, January 20, at 11 a.m. and 3 p.m.
The final rule contains significant new flexibility by allowing townships to opt for a standard lost revenues allowance of $10 million to be used for general government purposes. Learn about what this means for your township, as well as broadened uses for water and sewer and pandemic-related expenses. We will also cover expectations for reporting. Click here to register for the 11 a.m. Town Hall and click here to register for the 3p.m. session!