Treasury Department: States, local governments spend only 25 percent of CARES Act subsidies

As deliberations continue in Congress over how to allocate another $1 trillion worth of stimulus money, governors and mayors say they need more than the $139 billion already allocated to their states in March to cover revenue shortfalls. A total of $150 billion was allocated to help state, local and tribal governments with specific COVID-19 response programs. But according to a new report published by the U.S. Treasury Department’s Office of Inspector General, states have spent only 25 percent, or roughly $34 billion of $139 billion allocated to states through the CARES Act.
(Read more: The Chanute Tribune)