America Rescue Plan Act
Selectman Williams: $6 Million from Federal Rescue Plan Act Should Go to Restoring General Fund
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The town has already lost millions of dollars in revenue due to COVID-19, with more losses to come as New Canaan emerges from the pandemic, so municipal officials should look to use $6 million in new federal funding to restore the town’s General Fund, Selectman Nick Williams said. The $3 million that New Canaan should get this week through the America Rescue Plan Act just about covers losses already incurred in areas such as parking, recreation programs and property rentals, Williams noted during the June 15 Board of Selectmen meeting. And New Canaan has “other continuing negative trends on revenue” that should be addressed in a second $3 million payment from the federal government that’s expected to come within the next 12 months, Williams said during the meeting, held both in person at Town Hall and via videoconference.
“Do we need to proactively say, ‘Oh we are going to get $3 million next year, Christmas has come early, what do we do with that money?’ ” he said. “It seems to me that prudence would augur that we just maybe just see how things go. Is there a rush?