Phoenix close to depleting federal CARES Act funds

The Phoenix City Council voted unanimously to reprogram the city's remaining CARES Act funding on Dec. 8, 2020.

Phoenix has spent almost 85% of its CARES Act funds since receiving a $293 million federal injection last year.

The funds came as part of a $2 trillion stimulus plan known as the Coronavirus, Aid, Relief and Economic Security Act passed by Congress last spring.

Phoenix could receive additional funding under the Biden administration, which is moving forward on finalizing a two-part “rescue plan.”

The city has received an additional $51 million in federal aid to help renters struggling during the pandemic. The City Manager’s Office will present a rollout plan to the City Council next week.  

As for last spring’s funding, Phoenix put:

  • $90.5 million toward community relief programs, from rental assistance to COVID-19 testing sites. 
  • $59.2 million toward the city’s pandemic-related expenses, such as retrofitting buildings to equipment to allow telecommuting.
  • $143.6 million to backfill projected holes in the city budget as revenue declined in the pandemic.