Source: Grant A. Driessen, Congressional Research Service, CRS Report, R46298, Updated August 25, 2020
The sudden decline in economic output following the Coronavirus disease 2019 (COVID-19) outbreak has significantly altered the fiscal outlook for state and local governments. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136), signed into law on March 27, 2020, created the Coronavirus Relief Fund, which provides $150 billion in direct assistance for state and local governments. This report briefly summarizes the background, purpose, and allocation details of the Coronavirus Relief Fund.
Table 1 provides total Coronavirus Relief Fund allocations and costs incurredby states, and Table 2 provides allocations and costs incurred for territories. A total of $149.5 billion was allocated to eligible governments as of August 12, 2020. As of June 30, 2020, eligible state and local governments (excluding tribal governments) reported $35.6 billion (or 25%) in costs incurred from allocated funds. Figure 1 and Figure 2 show state-level percentages of allocations incurred (through June 30, 2020) to state and local governments, respectively. Individual government allocations and costs incurred are provided in Table 3.