State and local governments have spent less than half of their American Rescue Plan fiscal recovery fundsChloe2023-05-08T17:00:06+00:00
Public Engagement and Transparency Is Key to States and Localities Using Federal Aid to Advance Racial Equityadmin2022-08-15T15:01:24+00:00
Public engagement and transparency are critical to ensuring that State and Local Fiscal Recovery Funds are spent in ways that meet communities’ priorities, address the greatest harms of the pandemic, and build an inclusive, equitable recovery.
As K-12 schools continue to recover from COVID-19 pandemic disruptions, states can equitably support students, especially students of color, English learners, students with disabilities, and those from families with low incomes, to complete unfinished learning and address the widening education opportunity gap.
Treasury Deputy Secretary Wally Adeyemo published a new blog post detailing the Treasury Department’s work to put racial equity front and center in its first six months of implementing the American Rescue Plan. The American Rescue Plan represents an unprecedented opportunity for both immediate recovery efforts and lasting, generational investments in vulnerable communities across the country and Treasury is employing a combination of policymaking, outreach, and operations to ensure this potential is achieved.
Recent, substantial federal aid and an improving revenue outlook in many states are offering states a historic chance: they can make policy choices toward antiracist, equitable, and inclusive policies that build an economic recovery that extends to all people.
American schools sorely need additional funding to ensure that they can reopen safely and meet students’ educational needs, and the American Rescue Plan Act provides $123 billion in new, flexible funds for school districts that they can spend over the next three-and-a-half school years — the largest-ever one-time federal investment in K-12 education.