Broadway accepts American Rescue Plan funds, sets reporting and spending schedule
The board voted unanimously to accept funds from the American Rescue Plan; officials said the town will receive half the allocation this summer and the second half about 12 months later, must commit funds by Dec. 31, 2024 and expend them by 2026, and will file annual reports as required.
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Mayor Donald Andrews briefed the board on the flow and timing of American Rescue Plan (ARP) funds, explaining the federal-to-state-to-municipal distribution and advising that Broadway should expect half the allocation this summer and the remainder about 12 months later. He said the town must commit the funds by Dec. 31, 2024 and has until 2026 to expend them; an annual report is also required. Commissioner Lynne Green moved to accept the funds and the board approved the motion unanimously.
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