Freehold Boro To Get $1.1M From Latest COVID Relief Bill

Freehold NJ

15 March, 2021

10:16 AM

Description

FREEHOLD BOROUGH, NJ - President Joe Biden has signed the $1.9 trillion federal coronavirus relief bill Thursday, and Freehold Borough is set to receive a chunk of the funding. Dubbed the American Rescue Plan, the package contains many provisions aimed at easing the ravages of the pandemic, such as $1,400 stimulus payments for most U.S. taxpayers, an extension of unemployment benefits and $360 billion allotted for state and local aid. The state and local funding is focused on keeping essential workers on the job, assisting struggling families and small businesses, and making critical investments in regional infrastructure. $1.82 billion will be split among the state's 21 county governments, and $1.74 billion divided among all 565 cities and municipalities. In the bill, which no Republican in Congress voted for, Monmouth County government alone will receive $120 million, while Freehold Borough is slated to get $1,147,548.70. Here's how much Monmouth County municipalities were allotted: Total to Municipalities: $79,337,951.80 Aberdeen $1,899,025.12Allenhurst $47,446.16Allentown $174,362.18Asbury Park $10,316,556.62Atlantic Highlands $427,408.35Avon-by-the-Sea $175,148.03Belmar $544,697.62Bradley Beach $407,467.22Brielle $458,351.50Colts Neck $964,836.79Deal $70,628.96Eatontown $1,194,209.00Englishtown $187,819.99Fair Haven $563,459.97Farmingdale $133,006.41Freehold Borough $1,147,548.70Freehold Twp. $3,401,192.11Hazlet $1,931,638.22Highlands $463,066.65Holmdel $1,643,523.14Howell $5,103,359.88Interlaken $77,505.22Keansburg $946,172.67Keyport $685,366.14Lake Como $165,226.58Little Silver $567,978.65Loch Arbour $17,681.80Long Branch $12,517,310.03Manalapan $3,862,981.74Manasquan $570,336.22Marlboro $3,893,924.88Matawan $848,726.31Middletown $6,617,740.39Millstone $1,021,320.31Monmouth Beach $318,174.13Neptune City $451,475.25Neptune Twp. $2,689,990.89Ocean Twp. $2,607,279.37Oceanport $562,084.72Red Bank $1,175,446.65Roosevelt $82,122.13Rumson $659,531.07Sea Bright $131,434.70Sea Girt $173,379.85Shrewsbury $398,135.16Shrewsbury $97,544.59Spring Lake Heights $444,107.83Spring Lake $285,266.34Tinton Falls $1,714,250.33Union Beach $521,121.88Upper Freehold $695,189.36Wall Twp. $2,510,225.94West Long Branch $774,168.06 Counties or municipalities can put the relief funding towards COVID-related expenses, cover lost revenues due to the pandemic to maintain critical services and avoid layoffs of essential workers, provide assistance to residents and small businesses or invest in water, sewer and broadband infrastructure. New Jersey will get roughly $6.43 billion in state aid, plus an added $189 million for broadband internet infrastructure improvements. The formula for state and local funding targets federal resources to areas with the "greatest need," relying heavily on the number of unemployed people in each state, according to a joint statement from Sens. Bob Menendez and Cory Booker. "Our state and local governments have been on the frontlines of the fight against COVID-19," Menendez said in a statement. "They have been bleeding resources for over a year while costs have soared and revenues have plummeted. As a result, they have borne the brunt of the economic pain and desperately need help." With reporting by Eric Kiefer and Carly Baldwin.