Biden signs COVID-19 relief package; includes dunning checks
President Joe Biden has signed the US bailout, the $ 1.9 trillion COVID-19 relief plan that includes $ 1,400 stimulus checks.
Associated Press, USA TODAY
The town of Shreveport and local parishes are set to receive more than $ 120 million in combined federal assistance from the American Rescue Act, President Joe Biden’s $ 1.9 trillion COVID relief bill.
“The town of Shreveport has felt the economic impact of the coronavirus pandemic, as have many other cities across the country. We look forward to hearing more about the resources that will be allocated to the town,” a spokesperson for the city. town of Shreveport, Marquel Sennet said in a statement.
The Rescue Act provides $ 1.7 billion in local aid to towns, parishes, and towns in Louisiana.
The Town of Shreveport will receive $ 48.64 million; Caddo Parish, $ 46.59 million and Bossier Parish, $ 24.6 million.
Bossier City Mayor Lorenz “Lo” Walker is pleased Bossier City is receiving more than $ 13 million from the US federal bailout.
The money will be used for future infrastructure projects for the city, according to Pam Glorioso, executive director of Bossier City.
DeSoto Parish will receive $ 5.33 million and Webster Parish $ 7.44 million.
Caddo Parish Commission chairman Lyndon B. Johnson said the amount was not yet official, but Caddo Parish is expected to receive half of the funding this year and the other half no later than 12 months after the first payment.
State and local governments
Louisiana is expected to receive just over $ 3 billion in aid.
New Orleans is expected to receive $ 375 million, which is one of the largest funding shares in the country for a city the size of New Orleans.
Likewise, the Baton Rouge and Lafayette regions are expected to each receive more than $ 100 million in aid.
The parish of Ouachita, the parish of Lincoln and their municipalities will receive assistance of more than $ 50 million.
Aiming to end the pandemic while stimulating the economy, the bill also provides enhanced unemployment benefits of $ 300 for displaced workers and stimulus checks of $ 1,400 for skilled workers, which benefits 91% of adults in Louisiana and 93% in Louisiana. children.
In addition, the American Rescue Plan extends the child tax credit for families from $ 2,000 to $ 3,600 for children under six and to $ 3,000 for children between the ages of 6 and 17, helping more than a million Louisiana households.
“The American Rescue Act helps virtually every family in our state,” said Louisiana Democratic Party President Katie Bernhardt.
In addition, 70% of the tax benefits go to households earning less than $ 91,000 per year, especially families of the poorest 20%.
Louisiana ranks near the top of the nation for poverty. American Rescue Plan is expected to cut child poverty by more than half, black Americans by 42%, Hispanics by 39%, and white Americans by 34%, according to new study provided in a Louisiana newspaper. Democratic Party press release.
Additionally, more than $ 2.5 billion will go to Louisiana’s K-12 schools, which can be used for safe, in-person learning during the pandemic, and to fund tutoring and summer programs to recover the learning lost due to the pandemic.