The U.S. Treasury Department said Wednesday that it is establishing a new office to lead the implementation of coronavirus economic relief and recovery programs, including initiatives funneling billions of dollars in aid from the federal government to states and localities.
Part of the Office of Recovery Programs’ portfolio will be the State and Local Fiscal Recovery Fund. That’s the roughly $350 billion pool of aid included in the relief legislation that President Biden signed into law early last month. The money is being divided up between states and thousands of cities, towns and counties around the country.
