(Beaver Dam) The city of Beaver Dam is carefully plotting its plan to use $1.7-million dollars in pandemic stimulus funding. The March, the American Rescue Plan Act provided $130-billion dollars in Local Fiscal Recovery Funds to municipalities across the country. The city received the first of two payments, totaling $858-thousand dollars each, in June with the second round coming next June.
City Finance Director Zak Bloom says there has been internal department head meetings about the uses of the funds but nothing has been identified.
Mayor Becky Glewen told the city’s Administrative Committee recently that she has been meeting with the county and other municipalities to get an idea of what they are doing and to ensure that there would not be a duplication of expenditures.
The money needs to be committed, but not spent, by the end of 2024. The ARPA funds can be used for “responding to the public health emergency” which could include vaccinations and testing sites but also mental health treatment and payroll for public health and essential workers. It can also be used to “address negative economic impacts” like food and housing assistance, small business loans for impacted industries and the public sector. Also permitted: spending recovery funds on affordable housing, educational disparities like early learning, childcare, cybersecurity, lead pipe remediation, utility infrastructure and broadband.
The money is being held in the Local Government Investment Pool and is making $14 in interest per month.