Good News….Bad News on ARP Funding

According to the Office of State Treasurer Stacy Garrity, some ARP money will be coming out this Friday, July 15, 2022.  Unfortunately, this will only be the year 1 distribution for the unallocated funds so the deposits will be small.  A later (second) transaction will be a combined amount of Tranche 2 and the year 2 reallocation.  As soon as the round one funds are out, we are told DCED can make an application to Governor’s Budget Office to release the second transaction. We will keep you apprised as to the expected receipt timing.