Federal funds on the way
Madison County communities to receive ARPA funds
More than $40 million in funds from the American Rescue Plan Act were recently disbursed to communities across Montana, with several Madison County communities making the cut. Here’s where the money’s headed locally:
Twin Bridges: $53,259.10
Virginia City: $27,587.45
Funding was based on criteria outlined by the U.S. Department of Treasury. Local governments typically serving a population under 50,000 are eligible for funding through the federal Coronavirus Local Fiscal Recovery Fund, and funding allocations are determined by population.
“It’s a once in a generation opportunity for the Town of VC to address some of its critical infrastructure needs and we are not going to let this chance slip away,” said Virginia City Mayor Justin Gatewood following the fund disbursement announcement.
Disbursements will continue through the end of the month.
“The federal funds we’re distributing today give local governments the authority to address the unique needs of their communities,” Gov. Greg Gianforte said in a press release issued on June 10 when the first of several rounds of distributions were announced. “Cities and towns may use these funds to assist residents, small businesses, and industries impacted by the pandemic or to invest in infrastructure, including water, sewer, or broadband.”