Baker Tilly's public sector specialists continue to monitor the sections of the American Rescue Plan Act of 2021 (ARP) impacting state and local governments. Watch our videos for the latest guidance and steps public sector entities can take now to prepare for and strategize your funding.
On Jan. 6, 2022, the U.S. Treasury released ARP Final Rule guidance, which includes changes impacting state and local government leaders and your communities. Our latest video featuring Public Sector Managing Partner Vicki Hellenbrand reviews the changes contained in the Final Rule. Watch as she highlights seven key elements that could affect your community’s funding strategy, including the updated revenue loss provision and upcoming reporting requirements.
With one month since the signing of the ARP, leaders across state, county and local levels agree - the effort to analyze and plan for the funding is overwhelming. In a recent Baker Tilly public sector survey, more than 50% of participants indicated they have begun initial ARP strategic planning. Watch the third video in our American Rescue Plan series as Vicki Hellenbrand, public sector practice leader, shares insights on the ARP funding start-up process and other funding provisions, including Economic Development Administration (EDA) funding and state-specific funding parameters. She also previews a checklist, an infographic and upcoming webinars that will support your strategic funding plan.
With unprecedented levels of funding available for state and local governments, building a strategic funding plan aligned to your community's top needs can be daunting. Watch the second video in our American Rescue Plan series as Vicki Hellenbrand, public sector practice managing partner, shares key insights from discussions with clients across the country – what’s needed, what to consider and where to start. Vicki also offers tips on navigating the eligible funding uses, stakeholder involvement and funding plan considerations.
Watch Vicki Hellenbrand, public sector practice leader, walk through the key elements of the plan, the timing for payment and spending deadlines and what communities across the country are doing now to navigate its requirements and strategically plan for the use of the funds.
For more information, or to learn how Baker Tilly’s public sector specialists can help, contact our team.