Legislators to allocate $4.3B in federal stimulus funding
The Virginia General Assembly will convene in Richmond on Aug. 2 for a special session to allocate more than $4.3 billion in federal relief funding, Gov. Ralph Northam announced Wednesday in a proclamation.
In May, Northam and Democratic leaders from the Virginia State Senate and the House of Delegates outlined their priorities for the special session, including fully funding the Rebuild Virginia small business recovery program and allocating money for the state’s Unemployment Trust Fund, which ran out of money last October due to record-breaking unemployment claims and relied on loans from the U.S. Department of Labor.
The $4.3 billion windfall comes from the $1.9 trillion American Rescue Plan enacted by Congress earlier this year.
The Virginia General Assembly will convene in Richmond on Aug. 2 for a special session to allocate more than $4.3 billion in federal relief funding, Gov. Ralph Northam announced Wednesday in a proclamation.
In May, Northam and Democratic leaders from the Virginia State Senate and the House of Delegates outlined their priorities for the special session, including fully funding the Rebuild Virginia small business recovery program and allocating money for the state’s Unemployment Trust Fund, which ran out of money last October due to record-breaking unemployment claims and relied on loans from the U.S. Department of Labor.
The $4.3 billion windfall comes from the $1.9 trillion American Rescue Plan enacted by Congress earlier this year.