Preliminary Estimate: $4.2 Billion In Federal Money Headed To Arizona
The $2.2 trillion federal rescue plan is beginning to take effect across the country. The state’s budget analysts say a preliminary estimate of $4.2 billion is heading to Arizona.
More than half of the money is predicted to help the state, Maricopa and Pima counties in their efforts to fight the coronavirus. However, towns with fewer than 500,000 people will see no money at all.
The other half of the $4.2 billion will be split into different areas like new money for public schools and universities and transportation projects.
Direct payments to residents and unemployment pay have not been included in the current estimate.
Analysts are expected to update the distribution as money arrives.