Lake Worth to get a bunch of money from the American Recovery Plan

Good news for Lake Worth

Also on the Agenda on July 13, is item C...American Rescue Plan Act

Davenport Public Finance will give a presentation on how to utilize these funds.

City's Overview:

• The City of Lake Worth Beach (the “City”) is slated to receive approximately $16 million in federal funds tied to the American Recovery Plan (“ARP”).

• ½ of funds will be delivered by the State of Florida over the next few weeks.

• Remainder to be delivered 12 months later.

• This new funding comes on the heels of CARES Act resources and other federal measures to mitigate the impact of the COVID-19 pandemic.

• Additional funding maybe coming from legislation now under consideration in Congress for such programs as physical and human infrastructure. The timing and amount of funding available to the City, if any, is uncertain.

• These “windfall” funding programs present a unique set of opportunities for the City to invest transformatively in the health and well-being of residents in a variety of ways.