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State reports $163 million in remaining ARPA funds; payroll swaps proposed to preserve awards
Summary
Douglas Farnham told the House Appropriations Committee that $163 million of American Rescue Plan Act (ARPA) funds remain and the administration may use Treasury-authorized payroll-swap options to prevent recapture while programs finish work ahead of a Dec. 31, 2026 spending deadline.
Douglas Farnham, chief recovery officer for the Agency of Administration, told the House Appropriations Committee on May 13 that Vermont has about $163 million in remaining ARPA funds and is monitoring a portfolio of programs to ensure federal deadlines are met.
Farnham said the state filed its latest report with the U.S. Treasury covering activity through March 30, 2025, and “we have until April 30 to file that report.” He described current quarterly spending at about $30 million and said, “we're down to a hundred and 63,000,000 out of a billion dollars,” adding that the administration is tracking pace and program risk.
The nut graf: The administration outlined…
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