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Town Board votes to place $200,000 in ARPA funds into NYCLASS account
Summary
The Town Board approved investing $200,000 of American Rescue Plan Act (ARPA) funds into an interest-bearing NYCLASS account, with interest to be used for town projects; the board approved the motion unanimously on Jan. 28, 2025.
The Town Board of the Town of Hunter voted Jan. 28 to invest $200,000 of its ARPA funds in an interest-bearing NYCLASS account so the town can use the interest earnings for local projects.
Councilman Dolph Semenza moved to invest the funds and Supervisor Sean Mahoney seconded; the motion carried with four ayes and one absence. The board’s action follows a broader discussion of how to steward federal pandemic-recovery funds for long-term local benefits.
Board members did not attach a specific spending plan to the deposit during the meeting. The board recorded the amount ($200,000) and the vehicle (NYCLASS) and instructed town financial staff to place the funds into an interest-bearing account. No implementation timeline or designated projects were specified at the meeting.
