The Biden administration is providing $350 billion to state and local governments as part of Covid-19 relief, with the Treasury stipulating that it not be used to cut state taxes
WASHINGTON—The Biden administration will begin distributing $350 billion to state and local governments this month, giving them money to pay for pandemic-related costs, fill revenue shortfalls and pay for water, sewer and broadband projects—but not to cut state taxes.
Money could start flowing to states, local and tribal governments within days, senior administration officials said Monday. “These governments have endured unprecedented strains, forcing many to make untenable choices,” said Deputy Treasury Secretary Wally Adeyemo. The Treasury Department is also releasing rules that spell out how state and local governments can use the money—and how they can’t. The most controversial piece is a prohibition on using the money to pay for state tax cuts.. Administration officials said they were trying to implement Congress’s intent to prevent indirect federal funding of state tax cuts.
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