Governor Larry Hogan was joined by legislative leaders to announce a historic, bipartisan agreement over how the state will spend the $6.355 billion in funding allocated to Maryland in the federal American Rescue Plan Act. The American Rescue Plan Act passed in early March with the promise of supporting struggling families and communities with direct relief. Included in the $1.9 trillion package is $360 billion earmarked for states, counties, cities and tribal governments to cover increased costs, replenish lost revenue and mitigate the economic fallout from the COVID-19 pandemic.
“I’m pleased to announce today that we have once again reached an historic bipartisan agreement on a fiscally responsible budget accord, which effectively targets relief to Marylanders most in need,” said Governor Hogan during the announcement.
Importantly, Governor Hogan’s announcement included the following:
- $1.1 billion will be spent to replenish Maryland’s Unemployment Insurance Trust Fund in order to maintain its solvency and stabilize rates over the next two calendar years;
- $800 million will be added to existing Maryland Emergency Economic Relief Programs;
- $600 million for the safe reopening of schools;
- $300 million for a broadband technology initiative to expand access to high-speed internet;
- $100 million for employment training and apprenticeship programs;
- $100 million to support state employees providing essential services during the pandemic;
- $500 million in infrastructure and transit improvements;
- $300 million to provide a critical lifeline for struggling Marylanders including low income with utility programs, temporary disability payments, etc.
