City of Winston-Salem to receive federal COVID-19 relief funds

While many people are receiving a third round of stimulus checks, millions of dollars of federal relief funds are heading to cities and counties across the country. In Winston-Salem, Mayor Allen Joines says it’s welcome news.”My first priority would be to get our reserve levels back up to where they should be,” Joines said. “We lost $20 million worth of revenue from all across the board.”The city will be able to replenish some of its losses using the $55.1 million they’ve been allocated by the federal government. On top of that money, another $11 million worth of federal funds has been allocated specifically for Winston-Salem’s transit system.The city will receive the money in two payments from the Treasury Department: One in the next 60 days and another before the end of the year. The funds must be spent by December 2024, but Joines is not planning to wait that long.”My thought would be let’s try to get the money into the economy as quickly as we can,” Joines said. “We want to use this for one-time purchases. We don’t want to use this to balance our budget because it’s not going to be here next year and so you don’t want to get into a habit of doing that.”Joines will meet with City Council next week to discuss how to best utilize the new funds.

While many people are receiving a third round of stimulus checks, millions of dollars of federal relief funds are heading to cities and counties across the country. In Winston-Salem, Mayor Allen Joines says it’s welcome news.

“My first priority would be to get our reserve levels back up to where they should be,” Joines said. “We lost $20 million worth of revenue from all across the board.”

The city will be able to replenish some of its losses using the $55.1 million they’ve been allocated by the federal government. On top of that money, another $11 million worth of federal funds has been allocated specifically for Winston-Salem’s transit system.

The city will receive the money in two payments from the Treasury Department: One in the next 60 days and another before the end of the year.

The funds must be spent by December 2024, but Joines is not planning to wait that long.

“My thought would be let’s try to get the money into the economy as quickly as we can,” Joines said. “We want to use this for one-time purchases. We don’t want to use this to balance our budget because it’s not going to be here next year and so you don’t want to get into a habit of doing that.”

Joines will meet with City Council next week to discuss how to best utilize the new funds.