Bluegrass

City still has CARES Act funds to spend

by | Mar 11, 2021 | Latest

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]

Collin College Summer/Fall 2026 Registration 2

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