A Statement from Interim City Manager Lane Dilg on the American Rescue Plan
March 7, 2021 11:20 AM
The U.S. Senate passed an amended version of President Biden’s $1.9 trillion American Rescue Plan recovery and stimulus legislation, including $350 billion for state and local government relief. The passage of the American Rescue Plan is a huge step forward for working families in Santa Monica and across the country, and will provide much needed funding to accelerate vaccine rollout, reopen schools, and support small businesses in our community. In addition, the City is very pleased to be receiving $29 million from the bill to help offset the very substantial COVID-related revenue losses that the City budget has experienced over the first year of the pandemic.
It is important to remember that this one-time federal aid to the City represents a small fraction of the revenue lost in COVID and only approximately 4% of the City’s current operating budget. We look forward to working with the City Council to program these funds as wisely as possible in our biennial budget process as we prioritize City services to see the community through this crucial recovery period to the very bright future that lies ahead.