The city of Princeton has yet to spend all of the CARES Act funding apportioned from Collin County.
The CARES Act was a $2.2 trillion stimulus bill passed by Congress and signed by former President Donald Trump on March 27, 2020.
The bill allocated $11.24 billion to Texas, and approximately 45%, or $5.06 billion, went to local governments.
The city initially received $724,894 in CARES Act funding administered through Collin County. In December, the county allocated an additional $437,064 to help pay for public safety official salaries for a total of $1,161,959.
City Manager Derek Borg said, “A little under $100,000 is restricted for payroll for emergency responders and the remaining is being reserved at this time to address the needs for coming out of COVID-19, and whatever it will take to provide safety for the citizens as the city opens back up including first responder payroll.”
For the full story, see the Mar. 11 issue or subscribe online.
By Dustin Butler • [email protected]