Economic Stabilization Program

On March 11, 2021, President Biden signed into law the American Rescue Plan. One of the components of the plan was the provision of $350 billion in funding for state, local, territorial, and Tribal governments. The funds were releases to assist these units of government in responding to the acute pandemic needs, fill revenue shortfalls, and support communities and populations hit the hardest by the COVID 19 pandemic.

For Floyd County, the County was allocated $15,251,978 to address the community needs as it recovers from the pandemic, replenish lost revenue for local government operations, support the public health response, make necessary investments in water and sewer infrastructure, address the negative economic impacts, provide premium pay for essential workers, and make the necessary investments in broadband to provide unserved and underserved locations with access to broadband.

In order to ensure the highest and best use of these funds are directed to these recovery priorities and to ensure the transparency and good governance in the distribution of these funds, the Floyd County Board of Commissioners have developed this implementation guidance plan.

• American Rescue Plan Fact Sheet
• Guidance for American Rescue Plan Funds
• Association of Indiana Counties and State Board of Accounts
• National Association of Counties
• United States Treasury