March 22, 2021 Group Watch: State Gets $$ From Fed Stimulus
Alabama will receive $4.043 billion in direct aid as part of the $1.9 trillion American Rescue Plan recently signed into law. Among counties, Jefferson will receive the largest allocation ($127 million), followed by Mobile ($80.14 million), Madison ($72.32 million) and Montgomery ($43.93 million). Birmingham will get $148.82 million, by far the most among cities. Mobile will receive $60.21 million and Montgomery $42.14 million. The funds are part of the $350 billion provided to state and local governments to help boost budgets hit hard during the COVID-19 pandemic. Specific spending parameters will be outlined by the U.S. Treasury going forward; funds cannot be spent to replace net tax revenue caused by a change in law or pensions.
