Statement from Mayor Madden on Federal Funds Allocated to City of Troy from American Rescue Plan

Statement from Mayor Madden on Federal Funds Allocated to City of Troy from American Rescue Plan

For Immediate Release
March 18, 2021

Statement from Mayor Madden on Federal Funds Allocated to City of Troy from American Rescue Plan

TROY, NY – Mayor Patrick Madden issued the following statement regarding the $45.6M in emergency stimulus funds allocated to the City of Troy included under the American Rescue Plan:

“The allocation of $45.6M in federal funds to the Collar City from the American Rescue Plan is great news for our community. This federal rescue program will deliver much-needed resources to help our City recover from the financial impact of COVID-19, rebuild the economy, and assist those impacted by the pandemic.”

“Further guidance on this funding is expected from the Department of Treasury. We will exercise the strongest level of oversight on use of these expenses, including auditing, accounting and reporting. It is important to recognize that these are one time funds and should not be used on recurring expenses.”

“Today, I’m announcing the creation of an advisory group to collect input pertaining to provide assistance to the local economy. This advisory group will include city representatives and members of the business community to identify needs and work to address where possible.”

“We are immensely grateful to President Biden, Senator Schumer and our federal representatives for their tireless efforts to secure the necessary funding for local governments under the American Rescue Plan. A full recovery from this pandemic will take time, but by working collaboratively with our partners in government, business, and local leaders, I’m confident we can build Troy back better.”

###

Sign up to receive email updates and announcements from City Hall at www.troyny.gov/connect

For up-to-date announcements from City Hall, please visit www.troyny.gov/news

Follow Troy City Hall on Twitter: @TroyCityHall
Subscribe on YouTube: www.youtube.com/troyny 
Connect on Instagram at instagram.com/troycityhall
Connect on Facebook at facebook.com/Troy518

Press Contact: 
John Salka, Communications Director
[email protected] / (518) 279-7131

Sign up for the latest news from City Hall.

ADD YOUR EMAIL ADDRESS