Nearly $64 million remaining of Jacksonville’s federal COVID money needs to be spent soon or the city will lose the ability to spend the American Rescue Plan and CARES Act funding.
City Chief Financial Officer Mike Weinstein explained the necessity of allocating the funds to his colleagues on the Mayor’s Budget Review Committee at City Hall on Monday.
“This is an effort to make sure that our dollars don’t revert back to the federal government,” Weinstein said of the roughly $63.6 million balance of federal funds.
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